Money and Banking
Rothbard’s Bracing Plan for Gold
To answer a reader question, I revisited Rothbard’s transition plan for 100% gold.
Currency Manipulation in China And Japan
As you may have heard, New York Senator Charles Schumer is on a campaign to slap a 27.5% tariff on all Chinese goods unless they significantly reva
The Role of Saving in the Process of Income Formation
Abstract: The present paper attempts to explain some very serious fallacies contained in the idea of “circular flow of macroeconom
Real Bills Raises its Ugly Head, Again and Again
“I know no time which is lost more thoroughly than that devoted to arguing on matters of fact with a disputant who has no facts, but only ver
Empire of Debt
It is hard to know when the empire and its bubbles will collapse. Bill Bonner and Addison Wiggin don't pretend to know. But, Empire of Debt makes the wait more fun.