A coin collection can tell a lot about this nation's monetary history, and especially what happened nearly 60 years ago after the government debased U.S. coinage. This history is not having a happy ending.
The Federal Reserve System might be rapidly debasing the US Dollar, but several states are making it easier to own gold. The "barbarous relic" is gaining economic status.
On the final Radio Rothbard of 2023, Ryan and Tho are joined by Patrick Newman.
A century ago, the German reichsmark went into freefall as the most famous hyperinflation in history exploded the German economy. The repercussions still are with us.
Bob comments on the key disputes from his recent debate with Dean Baker, underlying the differences between the Austrian and Keynesian frameworks.
Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness.
The Post-Keynesian School of Economics claims that business and personal debt create instability that sinks the U.S. economy. Private debt, however, is not the cause of boom-and-bust cycles.
A coin collection can tell a lot about this nation's monetary history, and especially what happened nearly 60 years ago after the government debased U.S. coinage. This history is not having a happy ending.
According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply.
With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult.
