The Money Problem by Alex Merced While people like me definitely see the virtue of a gold standard, even a gold standard in any of it's historical incarnations still have one fundamental problem, they are a monopoly. I can discuss how the gold standard restrains government which promotes peace and...
The Difference Between Inflation and Increasing Price Levels by Alex Merced One of the biggest debates right now is the inflation versus deflation debate, and much of this debate hinges on the events in consumer goods prices, but can inflation occur even if prices drop? Can prices go up even if inflation...
The Fat Lady is Resting By Monty Pelerin , on March 31st, 2010 There is a dangerous complacency regarding this economic crisis. Many believe we have seen the worst and are back to business as usual. The stock market has made a miraculous recovery. Some say it is off to the races once again. This crisis...
Stansbury on Precious Metals, Currencies and Government Desperation By Monty Pelerin , posted December 21st, 2009 http://www.economicnoise.com/2009/12/21/stansbury-on-precious-metals-currencies-and-government-desperation/ Getting Gold and Silver may not be enough to protect your wealth according to Stansbury...
Some say rough diamonds are storing the highest value on the smallest space, but could they function as currency? There is a debate about what currency to use. Most Austrians would favour a gold based money and oppose fiat money(money created on the books only). They argue that this will finally lead...
For spring break, I decided to go to Mexico again (and mind you, not to Cancun or any beach place like that), but since it was cheaper, I had to go through NYC. Anyways, I visited the Museum of American Finance in NYC (as recommended by Dr. Tucker ) and the Museo Interactico de Economica in Mexico City...
Pat Buchanan's recent attempt to diagnose the sinking dollar demonstrates that ignorance of basic economics is not limited to the left. Buchanan points out the plummeting value of the dollar relative to other currencies and major commodities such as gold ( up 24% this year ) and oil ( up over 50...