Listen, YAF
[First published in the Libertarian Forum, August 15, 1969.]
[First published in the Libertarian Forum, August 15, 1969.]
Listen to the Audio Mises Wire version of this article.
Is gold money? Many would say so, and a web search returns tens of thousands of additional affirmative responses. If you want to start a fight with a gold bug, take the opposite view.
But is it so?
[Smart Power: Toward a Prudent Foreign Policy for America. By Ted Galen Carpenter. Cato Institute, 2008. Xi + 258 pages.]
Murray Rothbard used to joke that the United States should just get it over with and invade the whole world. It seems like the US has already done so. See the map. Just a few more countries to go, and troops will be everywhere on the whole planet.
Bloomberg reports that a former central banker with the Bank of China has made some dire statements about the GSEs:
BEIJING -- A failure of U.S. mortgage finance companies Fannie Mae and Freddie Mac could be a catastrophe for the global financial system, said Yu Yongding, a former adviser to China’s central bank.