Technology Alone Won’t End Poverty. We Need Savings First.
Regardless of how knowledgeable we are and regardless of various technological ideas, without an expanding pool of real savings, expansion in economic growth is not going to emerge.
Money and Banking
Displaying 161 - 170 of 2003
Why Hazlitt Opposed the Bretton Woods System
That Bretton Woods was called a gold standard was an exercise in obfuscation. It happened for the same reason that NAFTA was called free trade. The state has long used the language of the market economy as a plow to push through its opposite.
How the Fed Helped Pay for World War I
Just as kings debased coins to help pay for their wars, the Fed used inflation to help pay for US participation in World War I. It did so by creating and issuing dollars in return for government debt.
State Legislators Are Considering a Host of New Sound-Money Reforms
More state lawmakers than ever are introducing sound money legislation in the opening days of the 2021 legislative session.
Gold Could Offer a Way Out of Switzerland’s Failing Inflationist Experiment
The Swiss state should end antigold regulations, end negative interest rates, and return to zero rates on bank reserves. These are small steps on their own, perhaps, but would be progress away from the brewing mess that is the eurozone.
Gold Could Offer a Way out of Switzerland’s Failing Inflationist Experiment
The Swiss state should end antigold regulations, end negative interest rates, and return to zero rates on bank reserves. These are small steps on their own, perhaps, but would be progress away from the brewing mess that is the eurozone.
There Is No “Optimum” Growth Rate for the Money Supply
Since the present monetary system is fundamentally unstable, there cannot be a "correct" money supply growth rate. The present monetary system emerged because money creation was politically necessary to sustain the fractional reserve banking system.
Government’s Money Monopoly and the “Great Reset”
It should be clear by now that the unbacked paper money system is not only a cause of crises, it is also the central instrument of control for the oligarchic party elites and their supporters.
The Dollar’s Reserve Currency Status Won’t Last Forever
Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago.
Understanding the Roots and Causes of Inflation
The gold standard has one tremendous virtue: the quantity of money under the gold standard is independent of the policies of governments and political parties. It is a form of protection against spendthrift governments.
