Gold Standard

Recessions are good for an economy because they involve a resolution process, but a big recession for this boom town could be great for the world economy.

New technologies, such as the blockchain technology behind digital currencies like bitcoin, may in the future facilitate the convenient use of precious metals as money once again, writes Thorsten Polleit.

New technologies, such as the blockchain technology behind digital currencies like bitcoin, may in the future facilitate the convenient use of precious metals as money once again.

In this audio book, Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it.

The 'good' news this holiday season comes from the IMF, as the Fund decided yesterday to include the yuan in the basket of currencies which underpins its Special Drawing Rights (SDR).

The "junk silver" (90% US silver coins) seems to have disappeared. After checking several websites that deal in such coins almost all catagories have no inventory to sell. You can still buy bright and shiny versions of the coins at around a 20% premium over the silver value.

Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2015.

Gold prices are subject to manipulation in a variety of ways from the private sector, central banks, and governments. To see how gold fits into markets, we must look to see how "official" and "unoffocial" prices for the yellow metal are being shaped.

The stability of the Eurozone is back in the spotlight this week amidst Greece’s talks with its creditors—which seem to be going nowhere good. 

Both Republicans and Democrats think they can tinker their way to creating an economy with less inequality. Both sides miss the point, and ignore the central role of government fiat money in the problem.