Money and Banks

Economist Antony C. Sutton understood one of the most fundamental economic truths: gold is money. Thorsten Polleit reviews Sutton’s classic book, The War on Gold.

Since 2019, the total national debt has increased by 25 percent, but interest paid on the debt has increased by 75 percent. More specifically, interest on the debt came in at nearly $573 billion in 2019, but it will top $1 trillion in 2024. 

Bob comments on the key disputes from his recent debate with Dean Baker, underlying the differences between the Austrian and Keynesian frameworks.

The reason why the economy is not showing significant negative effects from recent drops in the money supply is because the amount of liquidity injected in 2020–21 was so huge that there is a long lag effect as savings are consumed.

One of the biggest and most pervasive myths in modern-day economics is the myth of the omnipotence of the Federal Reserve.

Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies.

The money supply in October fell for the twelfth month in a row, and with the money supply now falling near or below negative 10 percent for the eighth month in a row. But the money supply is still up 32 percent since 2020.

Is cryptocurrency a scam or is it a legitimate alternative to state-corrupted money? Political elites want to eliminate it altogether, but that alone should tell us we need to better understand this alternative money source.

Argentina was a rich country made poor by socialism. It needs to abandon socialism to become rich again.

The US Government will face another round of federal debt expansion in 2024, but will there be enough creditors to allow their continued spending?