Gold Standard

In the wake of bad news on inflation, the Federal Reserve is pushing up interest rates. However, a Fed-induced higher rate is not the same as an interest rate decided by the market.

Ryan McMaken joins Bob to discuss the surprisingly negative reaction (from a Reason writer and Tyler Cowen) to Oliver Anthony's hit, "Rich Men North of Richmond."

Keynes denounced monetary gold as "a barbarous relic." In the end, it will be that "barbarous relic" that overthrows the regime of paper currency.

Dr. Murray Sabrin shares his story of how he became an Austrian economist and discusses his analysis predicting a recession later in the year. Tho and Dr. Sabrin also talk about this week's anniversary of Nixon closing the gold window.

The following reading is chapter 2 of What Has Government Done to Our Money? by Murray Rothbard.

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

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

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.

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.

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