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I heard a statement from Peter Schiff yesterday and I’m having some trouble thinking about it. The average Ford worker in Henry Ford’s era (1914) earned approximately $5 per day in wages – the equivalent of 1.25 ounces of gold per week. The average Ford worker today earns approximately...
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http://www.economicpolicyjournal.com/2011/08/case-for-25000-per-ounce-gold.html I came across the above link (article text below) on Robert Wenzel's site yesterday. My comments are in bold & italics. I'm hoping some people will want to address my questions or make additional comments. Gold...
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I would like some financial advice from some people that understand inflation and how it effects personal debt. I know that the intent of this forum is not for people just looking for financial advice, but I think that discussion in this area would be beneficial to more than just me. I am a recent college...
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The deflation-versus-inflation debate emerges as the flavor-of-the-day....of continuing deflation before any real inflation sets in. That makes gold's price performance a tough call, he tells The Gold Report , because we have no history to help us understand how gold behaves in a real deflationary...
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Hello, Perhaps this is a bit odd, or convoluted but I tend to question the obvious at times. So first a little emperical ground work and some simple guidelines. I'll try to write this in simple generalalities, so give me a brake on the fine points for the time being and as well, think big picture...
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if a specie money is being used and there is an increase in specie....that would seem to be an increase of the money supply which according to many at the mises site is also called inflation. if circulating paper (or electronic) titles to specific weights of gold/specie are increased beyond the total...
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i am trying to learn about fiat currency inflation and gold inflation. i have read blog entries at mises.org site claiming gold production rates at about 3 percent per year.?? i assume, correct me if i am wrong here, that the gold is paid for with fiat currencies. would the inflationary characteristics...
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http://www.economagic.com/em-cgi/charter.exe/fedstl/m1sl this link shows a chart that indicates that m1, since 1990, has about doubled. about a 5% increase per year. i understand m1 to be the AMB plus (as AMB, currency iow, makes its way through the banking system) 'fiduciary media'. many posts...
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1) answered above. Gresham's Law is a variation on shortages that always arise when the government restricts the movement of prices. Murray Rothbard covers this in his 1984 video . 2) I don't know what you mean by this, but I can tell you that the market is best to decide which monies will be...
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Hi all! I'm a 26 year old writer/software tester and I 'study' economics on Mises.org for about 30-40mins most nights after work and at weekends to learn as much as I can about liberty and economcs. I've been doing this for about a year now. I would very much like some advice about buying...