Showing posts with label purchasing power. Show all posts
Showing posts with label purchasing power. Show all posts

Charles Kadlec: Gingrich And The Gold Standard

Did you know Newt wants to get back to sound money?   The biggest under-reported story of the South Carolina primary is winner Newt Gingrich’s campaign promise to convene a gold commission to “look at the whole concept of how do we get back to hard money.” The only job of the Fed should be to “maintain the stability of the dollar because we want a   ... MORE

Micheal Snyder: The American Economic Recovery Is A Lie

24 stats say America's economic future is not bright.   Beware of bubbles of false hope. Right now there is a lot of talk about how the U.S. economy is improving, but it is all a lie. The mainstream media can be very seductive. When you sit down to watch television your brain tends to go into a very relaxed mode. In such a state, it becomes easy to slip  ... MORE

Robert P. Murphy: Understanding The Price Of Money

On purchasing power. In a money economy, the money commodity is on one side of every transaction, and hence reduces the number of relevant prices. The direct exchange ratio between any two commodities can easily be computed from their respective money prices. The "price" or purchasing power of money is the array of goods and services for which a unit of ... MORE