R.I.P March 18, 1939 - March 24, 2016
Showing posts with label gold standard. Show all posts
Showing posts with label gold standard. Show all posts
Ted Cruz Wants To Return To The Gold Standard
by Ralph Benko. The LA Times’s Pulitzer Prize (for beat reporting) winning
Michael Hiltzik recently wrote a column slamming the GOP field in
general and one of the two front-runners, Ted Cruz, in particular: The worst idea in the presidential debate: a return to the gold standard. Mr. Hiltzik thereby joins with a lot of usual suspects, like Paul ... MOREKeith Weiner: Oklahoma Moves Towards the Gold Standard
Sound money legislation. There is strong opposition to any proposal to end the Federal Reserve and move away from its paper dollar. The Fed has many ideological and, of course, crony supporters. So it’s interesting that there was little controversy in Oklahoma around removing one of the obstacles to the use of gold as money. Republican Mary ... MOREIf There Is No Inflation, Why Are Prices Up So Much?
by Michael Sivy. Last week, I ran out of ink for my printer and ordered some more online. My computer automatically pulled up the previous order, and I was shocked to see that the price of the ink cartridges I was buying had gone up 25%. To my mind, ink always seems overpriced. Manufacturers sell printers cheaply because they know that they ... MOREJon N. Hall: A Currency As Good As Gold
The custodians of our currency are abusing it. The nifty thing about a gold-backed currency is: they aren't making any more gold. The alchemists have tried to make the stuff, but have failed. Of course, a currency can be backed by other precious metals, like silver. But the supply of those other metals isn't getting any bigger either. ... MORENathan Lewis: 40 Years Of Floating Money
40 years of the average worker getting poorer. The reason we have floating currencies today is to enable economic management via currency manipulation. Central banks attempt to guide macroeconomic factors like unemployment, economic growth, interest rates, inflation and so forth by jiggering the currency. This idea is very old, ... MORE
Brian Domitrovic: Inequality Is The Child Of Fiat Money
The Federal Reserve is the problem. For a while there, it looked like the 2012 election was going to be a referendum on economic inequality. This would have been weird, in that economic growth and its twin, employment, are the clear issues of choice in these years of torpid economic recovery. Had President Obama succeeded in making ... MORE
Ralph Benko: Signs Of The Gold Standard Emerging In China
Is the road to prosperity paved with gold? As noted in last week’s column about the rising recognition by authorities in Germany about the virtues of gold, the gold standard is receiving impressive new recognition internationally. The GOP plank calling for a commission to study “possible ways to set a fixed value for the dollar” -- is ... MORE
George Melloan: Let's Return To The Gold Standard
Curing the disease of debt. The futile search for El Dorado, the city of gold, is the stuff of legends, among them a sardonic poem by Edgar Allen Poe about a knight who wasted his life in that pursuit. At first glance, the quest for something far more substantial, an international gold monetary standard, might seem equally Quixotic in today's world where those ... MORECharles Kadlec: FED Seeks To Devalue The Dollar By 33%
Purchasing power of dollar headed downward. The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level. ... MOREBlom and Benko: Return To Gold Standard Is Popular
Gold standard debate could change presidential election. Scott Rasmussen, in October, polled 1,000 voters on gold and found it popular, especially if characterized as a way to constrain big government and big banks. In November, American Principles in Action commissioned the Polling Company to drill deeper into the implications for the early contests ... MORE
Subscribe to:
Posts (Atom)