| |
 | Nathan Lewis - New World Economics |
| Gold Standard Technical Operating Discussions 2: More Variations |
|
Last week, we were talking about some of the technical issues of operating a gold standard system.There are actually quite a few different ways you can do things.
January 8, 2012: Some Gold Standand Technical Operating Discussions
We looked at a few options: one was a standard currency board with another currency.Sunday, January 24, 2021 |
|
 | Chris Powell - GATA |
| George Gilder: Currency trading is in chaos, so reconsider the gold standard |
| https://www.dallasnews.com/opinion/commentary/2017/05/05/bankers-failed-...
Trade theorist Paul Krugman, imperious in his Nobel crown; Christine Lagarde of the International Monetary Fund; some 370 economists including 19 Nobel Laureates; and even David Stockman, formerly of the Reagan White House, all agree: President Donald Trump is a menace to world trade and prosperity.
As a free-trading supply-sider, I once shared these fears. However, I was wrong. I underestimated the significance of the cSaturday, May 6, 2017 |
|
 | Richard Mills - Ahead of the Herd |
 Unknown Voluntary Servitude |
| Here’s a long debated topic. Should we leave the creation of new money in the hands of bankers or place its creation solely with our government?
Let’s try and answer it.
The Creature from Jekyll Island
On the night of November 22, 1910 a delegation of the nation’s leading financiers, led by Senator Nelson Aldrich, left New Jersey for a very secret ten day meeting on Jekyll Island, Georgia.
Aldrich had previously led the members of the National Monetary Commission on a two year bankinWednesday, August 31, 2016 |
|
 | Michael J. Kosares - USA Gold |
| End-of-week top gold news |
|
(Bloomberg) Is Gold About to Become the Next Safe Haven Trade? “Todd Horwitz, founder at Averagejoeoptions.com, and Bloomberg’s Scarlet Fu discuss the recent rebound in the price of gold in today’s Futures In Focus on In The Loop: “Gold is in a real sweet spot here. . . Here is a great spot to start buying gold again.” — Todd Horwitz”
Note: Obviously there is nothing new about gold being a safe-haven trade, but given the macroeconomic and geopolitical risks presently evideSaturday, March 14, 2015 |
|
 | Charleston Voice |
Metallic Money (Gold/Silver) vs. Credit Money: Know The Difference  |
| Submitted by Tyler Durden on 11/29/2013 18:12 -0500Submitted by Charles Hugh-Smith of OfTwoMinds blog, via ZHLongtime correspondent Jeff W. succinctly explains the difference between metallic money (gold and silver) and credit money.You've probably read many articles about money--what it is (store of value and means of exchange) and its many variations (metal, paper, etc.). But perhaps the most important distinction to be made in our era is between metallic money and credit money.Longtime corresSaturday, November 30, 2013 |
|
| Nathan Lewis - New World Economics |
Book Review of Gold, the monetary Polaris  |
| John Tamny, of RealClearMarkets.com and editor of the Forbes.com opinion section, offered the first public book review. He is most generous. Thanks, John!
Tamny is actually one of our best monetary thinkers in the United States today. He is among those "people I could count on my fingers, without using my thumbs" that I know of who -- I think -- could himself effectively implement a gold standard system in the U.S., or indeed any other country. There are lots of people who have a good understanding of this part or that part, but not many who have enough understanding of all the elements necessary to actually make it happen in an effective and productive way.Sunday, September 8, 2013 |
|
| Nathan Lewis - New World Economics |
Building A Big Foundation For The Next World Monetary System  |
| My new book is now available. I wrote this item for Forbes.com
to kick it off.
Buy Gold: the Monetary Polaris at
Amazon.com
Those of you who frequent this site will find a lot of familiar
material. Indeed, a lot of it is covered in even more detail
elsewhere on this site. Despite what you may expect, writing a book
is mostly a process of concentration and editing, not expansion. One
of my weekly pieces here could have a dozMonday, September 2, 2013 |
|
 | Keith Weiner - Monetary Metals |
| The 10-Minute Gold Standard |
| Far too many people believe that gold serves no useful purpose. I am therefore
publishing this response to The
10 Minute Gold Standard: It's Much Easier than You Think by Nathan Lewis.
Mr. Lewis, a professed advocate of the gold standard, argues that even if
we have a "gold standard", we don't need actual gold. Indeed, according to
David Ricardo (quoted in the article), gold's only job is to regulate the
quantity of paper.
Mr. Lewis notes that when the Fed buys bonds it increasSunday, March 3, 2013 |
|
| Chris Powell - GATA |
| Gold price rigging is as old as gold itself |
| Writing today for Forbes, the economist, fund manager, and author Nathan Lewis proves that Harry Truman was right about gold as well as everything else insofar as "the only thing new in the world is the history you don't know."
In an essay headlined "The 10-Minute Gold Standard: It's Much Easier than You Think" --
http://www.forbes.com/sites/nathanlewis/2013/01/31/the-10-minute-gold-st...
-- Lewis quotes the classical economists David Ricardo and John Stuart Mill to argue that, theoretically, atSaturday, February 2, 2013 |
|
| Nathan Lewis - New World Economics |
| Audio 2013 |
|
I used to talk from time to time about some of my audiophile pursuits.I thought I would update this a bit.
June 21, 2009: Summer Slack-Off 1: Headphone Audio
August 24, 2008: Five Audio Systems
July 15, 2007: Give Yourself the Gift of Music
I like music.If you like music too, it is worthwhile to arrange things so that you can have satisfying music reproduction in the home.Wednesday, January 16, 2013 |
|
| Nathan Lewis - New World Economics |
| How To Make a Pile of Dough With the Traditional City… |
|
How To Make a Pile of Dough With the Traditional City 10: Let's Bulldoze a Big Box Shopping Center 2: No, Seriously
A few months ago, I suggested that one good way to start our transition from Suburban Hell to something much nicer would be to, perhaps, bulldoze a big box shopping center, and build something there that was a little more like Paris or Venice, or Tokyo.Monday, November 12, 2012 |
|
|
|
| Nathan Lewis - New World Economics |
| Booms and Busts of the Gold Standard Era |
|
The Keynesian economists claim that gold standard systems have historically caused “booms and busts.” Recently, I asserted that no major economic event was caused by a currency of stable value.The purpose of a gold standard system is to provide a currency of stable value – as stable as can be attained in our imperfect world – and, for the most part, it achieved this goal over a period of centuries.Friday, November 9, 2012 |
|
| Gold - New World Economics |
| Booms and Busts of the Gold Standard Era |
| Thursday, November 8, 2012 |
|
| Nathan Lewis - New World Economics |
| Triffin's Dilemma |
|
Robert Triffin is another of those characters from the 1960s, whom I generally regard as well-meaning but sorely lacking in technical understanding.This was true across the board in those days, whether Keynesian, Monetarist, "Austrian" or whatever.That's why I say that the main reason the world gold standard system disappeared in 1971 was not because of any particular inherent flaw in the gold standard system (except for their mismanagement of it), but rather because people didn't know how it was supposed to work.Monday, October 29, 2012 |
|
| Gold - New World Economics |
| Triffin's Dilemma |
| Monday, October 29, 2012 |
|
| Nathan Lewis - New World Economics |
| Raise Taxes and Reduce Spending Not Really. |
| At some point, the U.S.government will have to deal with its exploding debt load.Typically, we hear that the solution involves “some combination of reduced spending and higher taxes.Monday, October 22, 2012 |
|
| Gold - New World Economics |
| Raise Taxes and Reduce Spending Not Really. |
| Monday, October 22, 2012 |
|
| Nathan Lewis - New World Economics |
| Currency Devaluations of the 1930s |
|
For some reason, I have the urge to work on this topic a little more.I made available the raw data here:
April 15, 2012: Foreign Exchange Rates 1914-1941
The basic story of this time period, 1920-1940 is something like this: A lot of currencies left the gold standard during WWI, including the U.Monday, October 1, 2012 |
|
| Gold - New World Economics |
| Currency Devaluations of the 1930s |
| Monday, October 1, 2012 |
|
|
