Monetary Policy
Fixing FDR’s Biggest Blunder: From Gold Standard to Fiat Folly and Back
On this day ninety-one years ago President Franklin D. Roosevelt via executive order seized gold legally held by Americans, criminalizing the use of sound money. Our economy and our nation has never recovered from this act.
Wisconsin Formally Ends Sales Taxes on Gold and Silver
Responding to an overwhelming groundswell of grassroots pressure, Gov.
Utah Formally Empowers State Treasurer to Protect State Funds with Gold and Silver
Texas and Ohio have previously acquired gold. Meanwhile, legislation like HB 348 is under consideration right now in Missouri, Tennessee, Idaho, and West Virginia.
Price Inflation Comes from Government, not from “Excuseflation” or “Greedflation”
In his recent State of the Union speech, President Biden called out private enterprise for what he calls “shrinkflation” and “greedflation.” If he wishes to know who is responsible for this phenomenon, he should look in the mirror.
Should the US Congress Audit the Federal Reserve?
Nearly two decades ago, Congressman Ron Paul identified his campaign with the call to "audit the Fed." Congress ignored him then, but the movement to examine and demystify the Fed now is growing.
Does the Balance of Payments Determine Exchange Rates?
Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.
Washington’s Planned Theft of Credit Card Benefits
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well.