Monetary Policy

The world is full of scraps of paper today.

On this day ninety-one years ago President Franklin D. Roosevelt via executive order seized gold legally held by Americans, criminalizing the use of sound money. Our economy and our nation has never recovered from this act.

Responding to an overwhelming groundswell of grassroots pressure, Gov.

Texas and Ohio have previously acquired gold. Meanwhile, legislation like HB 348 is under consideration right now in Missouri, Tennessee, Idaho, and West Virginia.

In his recent State of the Union speech, President Biden called out private enterprise for what he calls “shrinkflation” and “greedflation.” If he wishes to know who is responsible for this phenomenon, he should look in the mirror.

Joakim Book reviews Hidden Cost of Money by Seb Bunney. While the book makes some good points, it leaves much to be desired.

On February 5, 2024, Oklahoma Representative Cody Maynard introduced

Nearly two decades ago, Congressman Ron Paul identified his campaign with the call to "audit the Fed." Congress ignored him then, but the movement to examine and demystify the Fed now is growing.

Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.

Recorded in Tampa, Florida, on February 17, 2024.