How US States Can Pave the Way for Greater Use of Sound Money
Utah has declared any gold and silver coins issued by the US government as legal tender in the state — and free from any taxation.
Money and Banks
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How Central Banks Are Bleeding the Middle Class Dry
Pension funds, savings accounts, and insurance funds — all essential middle class tools for savings — are seeing their yields dry up.
45 Years Without Gold
The dollar's last tie to gold was severed 45 years ago. Gold had always been an inconvenience for governments looking for more debt and spending.
The Blessing of Cash
Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors.
The Bank of England Turns to More Easy Money
With central banks falling into step in a seemingly inexorable race toward negative interest rates, this could point to bigger problems on the horizon.
Inflation: It’s a Wealth Redistribution Scheme
When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).
Does the UK Need Even More Stimulus?
Government is not a wealth-creating entity, and more stimulus will not help the economy. In fact, more stimulus will hurt the wealth creation process.
Should We Be Concerned About the Fall in Money Velocity?
A fall in the US velocity of money M2 to 1.44 in June from 1.51 in June last year and 2.2 in May 1997 has alarmed many experts.
Today in 1971: President Nixon Closes the Gold Window
45 years ago today, on August 15, 1971, President Richard Nixon officially closed the gold window.
Consumer Optimism Is Not the Key to Economic Growth
The key to economic growth is not optimism or good "animal spirits." They key is increased productivity and wealth accumulation.
