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  • Elementary Econ. Questions

    I just finished the lecture course by Peter Klein and Joe Salerno, the Causal-Realist Approach to Economics, and the last lecture on banking and the business cycle was very fascinating. However, I was confused when Mr. Salerno said that the costs go up in the capital goods industry. Firstly, bank reserves...
    Posted to Economics Questions (Forum) by Savannah Liston on Sat, Oct 3 2009
  • Re: Commodity money, gold standard, fiat currency and Abuse

    I still don't quite see the point in switching to a 'gold standard' at all. Why not completely abolish the enforcement of a monopoly on any single currency, be that pure gold, gold-backed, silver, fiat etc? Why not just have open competing currencies and let the free-market decide which is...
    Posted to Economics Questions (Forum) by fingolfin on Wed, May 21 2008
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