Central Banks Turn to Gold as Losses Mount
The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so.
The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so.
Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.
Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people.
Forget minding your own business. Ours is the age of invasive politics, demanding we take sides no matter how much we would like to be left alone.
Inflation at an annual rate of 5 percent is not a positive, and it is certainly not falling prices. Inflation is accumulative, and this means we are becoming poorer faster.
The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality.
Having given a harsh review to Leonard Peikoff’s Ominous Parallels four decades ago, David Gordon revisits the book.
The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.
Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.
The Wyoming State Senate today voted 16-15, on a bipartisan basis, to pass a bill prompting the Wyoming state treasurer to hold gold and silve