Money and Banks

Stated simply, gold-standard proponents seek a dollar that is widely trusted as a constant measure of value. Nothing more. Nothing less.

Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.

Trump doesn't understand the problem with the boom-bust cycle is the boom phase, not the bust.

Expansionary monetary policy causes economic recessions. It doesn't cure them.

"The power to issue money was essential for the finance of the government … in order to give to government access to the tap where it can draw the money it needs by manufacturing it."

Joseph Salerno discusses the Hoppean method of addressing economic controversies.

The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.

MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.

Hoppe wrote in 1990 of the road that governments would take to create a one-world government, one-world central bank, and one-world currency. He was almost spot on.

In this testimony to Congress, Joseph Salerno describes how to fix the problem of fractional reserve banking.