| Articles related to Money |
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 | Frank Shostak |
| Is Money Created by Government Decree |
| According to popular view people accept money because of a government decree.1 A government decree it is argued makes a particular thing accepted as a general medium of exchange. But, does it make sense?Demand for a good arises from its perceived benefit. For instance, people demand food because of the nourishment it offers them. It is different with money people demand it not for direct use in consumption but in order to exchange it for other goods and services.Money is not useful in itself, buThursday, July 4, 2019 |
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 | Nathan Lewis - New World Economics |
| Blame Gold |
| We have been talking about The Midas Paradox (2015), by Scott Sumner.
July 23, 2017: The Midas Paradox (2015), by Scott Sumner.
As you probably guessed from the three-word title, the book can be summarized in two words, which are: “blame gold.”
This, as we have seen, is actually a relatively new notion, even if it enjoys some popularity today. The general consensus, which later (after 1950) became the Keynesian consensus, did not blame gold, or indeed, monetary policy in general, for the Great DWednesday, July 3, 2019 |
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| Frank Shostak |
 Why Wage Growth Is So Weak |
| The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now.
Softer real output growth important reason why hourly earnings remain under pressureAccording to the US Government’s own data, since 2000, in terms of industrial productiWednesday, June 19, 2019 |
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| Nathan Lewis - New World Economics |
| The View From 2011 |
| Today, we will continue our discussion of the “gold sterilization” of 1937.
June 18, 2017: The “Gold Sterilization” of 1937
June 25, 2017: The “Gold Sterilization” of 1937 #2: Fumbling and Bumbling
We will look at an influential 2011 paper by Douglas Irwin, available here:
http://www.nber.org/papers/w17595.pdf
All in all, I think the paper is pretty good, at least in its basic descriptions. It meanders into the usual channels of pointless Monetarism, with some equally pointless math, but it doesTuesday, June 11, 2019 |
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 | Alasdair Macleod - Finance and Eco. |
| Understanding money and prices |
| This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years.Very few people have a full understanding of the relationship between money and goods. This is the relationship that sets prices. Yet, without that understanding, central banks will almost certainly fail iMonday, June 3, 2019 |
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 | Mike Maloney - Goldsilver |
 Gold Silver Confiscation: Can the Government Seize Assets |
| One concern of retail precious metals investors is the possibility of a gold confiscation.Imagine having the forethought to buy gold to shield your finances from an economic or monetary crisis—only to have it taken away from you by your government. You’d lose not just the protective buffer you put in place but potentially a chunk of your net worth.Gold confiscation may sound preposterous to investors used to securities or real estate. But it’s happened in the past enough times to make it a reasoSaturday, June 1, 2019 |
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 | Jeff Clark - Goldsilver |
| How Where to Buy Gold Bars (2017 Buying Guide) |
| If you’re looking to invest in physical gold at the lowest possible price per ounce, there’s no better choice than gold bars. Coins may be more attractive, but all that manufacturing and packaging comes at a price. Gold bars, on the other hand, are the stalwart of the industry, what everyone from average investors to central banks buy and store. In other words, you can’t go wrong buying gold bars—provided you follow four tips including where to buy gold bars. The Advantage of Buying Gold BarsTipSaturday, June 1, 2019 |
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| Nathan Lewis - New World Economics |
| The “Gold Sterilization” of 1937 |
| Today, we will start investigating the U.S. recession of 1937, and along with that, claims that the Federal Reserve caused it by some sort of misbehavior. As is our usual practice, we will begin with just looking at some general information about that time.
Industrial production had a short, sharp shock in 1937.
Here’s what it looked like in terms of nominal GDP:
I am not going to try to disentangle what was going on at that time. There were a lot of things, from the introduction of Social SecTuesday, May 21, 2019 |
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 | Robert P. Murphy |
| 3 Modern Arguments for Tariffs, Debunked |
| Many proponents of tariffs recognize the absurdity of tariffs as a general rule. However, they feel that there are certain, special cases in which tariffs are justified, and indeed vital to a nation's survival. In this article, I will analyze three such arguments:
I. REDUCE TRADE DEFICIT
Many people believe that a tariff on a specific country's goods is necessary whenever the United States suffers from a high trade deMonday, May 20, 2019 |
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| Jeff Clark - Goldsilver |
| Why Own Gold The Top 10 Reasons to Buy Gold Now |
| Is gold a good investment? Why should you own it?It’s natural and even prudent for an investor to wonder if a particular asset is a good investment or not. That’s especially true for gold, since it’s an inert metal and doesn’t earn any interest.But the reasons for owning physical gold go beyond the possibility of its price rising. Gold bullion offers distinct advantages that simply can’t be found in almost any other investment. These advantages give you power as an investor. And yes, one of thesSaturday, May 18, 2019 |
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| Jeff Clark - Casey Research |
| Should I Buy Numismatic Coins 3 Risks of Collectible Gold Coins |
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Numismatic coins can be a fun hobby, and can offer the collector a beautiful timepiece from interesting periods in history.Unfortunately, many novice investors that dabble in this market have lost money. And in many of those cases, the price of gold actually rose while the coins were held!How can an investor lose money on valuable rare coins? And why don’t they rise with the gold price?This article highlights three specific risks investors take with numismatics. Let’s coWednesday, May 15, 2019 |
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 | Richard Mills - Ahead of the Herd |
| Two Bullets |
| I’ve read the following article so many times I can just about recite both from memory. I found it years ago, anon, thank you, you’ve helped keep me focused.
I hope readers find Two Bullets as useful as I did.
Aheadoftheherd.com
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Two Bullets
Several years ago, I met someone, Trader Joe, who was an expert technical trader. I call him an expert because he lived off of his profits, he was financially independent, and he frequently went on random scuba diving and bird watching vacations atMonday, May 13, 2019 |
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 | Hugo Salinas Price - Plata.com |
| Silver and the Great Future of Mexico |
| Lecture of the author at the solemn ceremony of his appointment as Honorary Professor of Northwest Institute of Management of the Russian Presidential Academy.
Embassy of the Russian Federation
Mexico City
June 27, 2017.
Your Excellency, Ambassador Edward Malayan; Doctor Vladimir Shamakhov, Director of the Northwest Institute of Management of Russian Presidential Academy,members of the Honorable Diplomatic Corps here present, and esteemed audience:
I am greatly privileged to be with all ofSunday, May 5, 2019 |
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 | FOFOA - FoFOA |
| What is Freegold |
| Four years ago, Freegoldtube made a video titled "What is Freegold?" It evolved out of a series of events that began with the stunning collapse in the price of gold, from $1,600 down to $1,380 in first half of April, 2013. That collapse caused Jim Sinclair to email me asking about Freegold, which caused him to then make some confusing posts on his own blog about Freegold, which caused Ein Anderer to suggest that we were in "urgent need" of a short and simple explanation of Freegold.
He persistWednesday, May 1, 2019 |
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 | Steve Saville - Speculative Investor |
| Why bad economic theories remain popular |
| Ludwig von Mises and Friedrich Hayek, the most prominent “Austrian” economists of the time, anticipated the 1929 stock market crash and correctly predicted the dire consequences of government attempts to artificially stimulate economic growth in the aftermath of the crash. John Maynard Keynes, on the other hand, was totally blindsided by the stock market crash and the economic disaster of the early 1930s. And yet, Keynes’s theories gained enormous popularity during the 1930s whereas the work of Sunday, April 28, 2019 |
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 | Jesse - Le Cafe Américain |
Cecil Rhodes and the Dream of a New World Order Presided Over by an Anglo-American Establishment  |
| "The Rhodes Scholarships, established by the terms of Cecil Rhodes's seventh will, are known to everyone. What is not so widely known is that Rhodes in five previous wills left his fortune to form a secret society, which was to devote itself to the preservation and expansion of the British Empire. And what does not seem to be known to anyone is that this secret society was created by Rhodes and his principal trustee, Lord Milner, and continues to exist to this day.
To be sure, this secret sociSaturday, April 13, 2019 |
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| Frank Shostak |
| The Connection Between Money-Supply Growth and Inflation |
| In the article “Rapid money supply growth does not cause inflation” written by Richard Vague at the Institute for New Economic Thinking, December 2, 2016, the author argues that empirical evidence shows that increases in money supply has nothing to do with inflation. According to Vague,Monetarist theory, which came to dominate economic thinking in the 1980s and the decades that followed, holds that rapid money supply growth is the cause of inflation. The theory, however, fails an actual test ofTuesday, April 9, 2019 |
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| Steve Saville - Speculative Investor |
| What should the gold/silver ratio be |
| The price of gold is dominated by investment demand* to such an extent that nothing else matters as far as its price performance is concerned. Investment demand is also the most important driver of silver’s price trend, although in silver’s case industrial demand is also a factor to be reckoned with. In addition, changes in mine supply have some effect on the silver market, because unlike the situation in the gold market the annual supply of newly-mined silver is not trivial relative to the exisFriday, April 5, 2019 |
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| Nathan Lewis - New World Economics |
| The Story of Gold Money, Past, Present and Future, by Edwin Walter Kemmerer |
| There aren’t a lot of good books about the gold standard — the monetary system of the world until 1971 — after WWI. There aren’t a lot before WWI either, but it starts to get pretty bad after 1920. Ralph Hawtrey’s books have some merits, but they also have too many errors to serve as a definitive source.
Gold and the Gold Standard: The Story of Gold Money, Past, Present and Future (1944) is something of an exception to this pattern. Edwin Walter Kemmerer was a professor at Princeton.
Wikipedia oTuesday, March 26, 2019 |
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| Sprott Money |
| Death Valley Snowballs and Fiat Currencies - Gary Christenson |
| Keep it simple!
Snowballs have a short life expectancy in Death Valley.
Fiat currencies, backed by credit and debt, survive longer than
snowballs in Death Valley, but history shows all fiat currencies are
inflated into worthlessness and eventually die.
“U.S. dollars have value only to the extent that they are strictly limited in supply.”
Ben Bernanke on November 21, 2002. But we know the supply of dollars
has grown rapidly since 1971, and especially after the 2008 crisis while
BernaSunday, March 3, 2019 |
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