Gold Standard

Under its current leadership, the Federal Reserve is looking more and more like a Banana Republic central bank

The new issue (on sale today) of Worth magazine features an article on “A New Golden Age” by Nathan Lewis which is a nice reca

For the present and the foreseeable future, there is probably nothing that will stop the Fed from continuing with its inflation.

Control-freak politicians abhor gold because it ignores them; it won’t do what it’s told.

Ron Paul explains his position on gold money:

Because of the current economic and political climate, it is important to understand what we can do — and what we cannot hope to do in the short run.

So long as prices are flexible, any amount of money can "do the job.

David Frum is on the warpath.

Although Frum naturally doesn't say it explicitly, the only "cushion" that unbacked fiat money can provide is that it allows politicians to literally paper over crises, limping along from one to the next.

Mises said that such a monetary policy would ultimately end in the destruction of the exchange value of money.