Gold Standard

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Do Correlations Help Define Money?

The FedMoney and BanksGold StandardMonetary Theory

Blog01/28/2023

Monetary authorities have come up with numerous clever ways of measuring money. However, they are unable even to define money, much less measure it.

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Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor

InflationGold StandardInterventionism

Blog01/20/2023

Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor.

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The Modern State Cannot Exist without Fiat Money

U.S. HistoryBusiness CyclesGold StandardMonetary Theory

Blog01/19/2023

Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money.

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How Can We Restore Freedom and Sound Money in the US and the UK? Some Ideas

Bureaucracy and RegulationFree MarketsMonetary PolicyGold Standard

Blog01/18/2023

It is no secret that freedom, both socially and economically, are disappearing in the USA and Great Britain. The consequences will be most severe if we do not reverse these patterns.

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The Rise and Fall of Good Money: A Tale of the Market and the State

Gold StandardMoney and Banking

Blog01/18/2023

Once upon a time, the USA had sound, reliable money. Then, a small group of "really intelligent" people decided to "improve" it. We know the rest of the story.

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The Great Depression's Patsy

Booms and BustsKeynesMonetary PolicyGold Standard

Blog01/12/2023

Poplular history says that massive government spending—made possible by ending the gold standard—ended the Great Depression. As usual, popular history is wrong.

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A Short Essay on Sound Monetary Policy

Money and BanksGold StandardMonetary Theory

Blog01/07/2023

In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.

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Rome's Runaway Inflation: Currency Devaluation in the Fourth and Fifth Centuries

InflationWorld HistoryGold StandardMoney and Banking

No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation.

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The Economic Super Bowl: 1920–21 versus 1930–31

Booms and BustsEconomic PolicyThe FedHayekBusiness CyclesGold Standard

Blog12/17/2022

By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?

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