A Short Essay on Sound Monetary Policy
In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.
In a market economy, gold is sound money. There is no need for monetary authorities when gold rules.
Only Father Time helps us cut through the policy nonsense and understand interest rates conceptually.
While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom.
Twenty-six years ago, the debate was over whether or not the target inflation rate should be raised from zero to 2 percent. Now we're being told it should be 4 or 6 percent.
Long before there was the infamous German inflation of 1923, the Reichsbank created the scenario of monetary debasement.
Investors should not care whether the Fed pivots or not if they analyze investment opportunities based on fundamentals and not on monetary laughing gas.
One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, US monetary authorities are moving in that direction.
Cutting taxes does not add units of currency to the economy. It is the same quantity of currency only a bit more in the pocket of those who earned it.