A Substandard Golden Rule
The gold “price rule" is by no means a gold standard; nor is it a cure for our monetary ills.
The gold “price rule" is by no means a gold standard; nor is it a cure for our monetary ills.
FDR locked in a destructive worldwide régime of economic nationalism that eventually led to war.
Lucy's proposition that, “insurance should be a nickel,” makes perfect sense.
Every nation, whether rich or poor, powerful or feeble, can at any hour once again adopt the gold standard.
Thorsten Polleit delivered a speech at the Austrian Economics Re
From the session on “Studies in Economic History,” presented at the Austrian Economics Research Conference.
Understanding today's convoluted domestic and international fiat monetary system frankly requires a great deal of time and study. In a sound money environment, on the other hand, there is little confusion or controversy.
The catch is that in order to file an appeal, the plaintiff has to pay a fee of two dollars. Justice Mahoney, O happy day, refused to accept the appeal because Federal Reserve Notes, which of course constituted the fee, are not lawful money. Only gold and silver coin, affirmed the judge, can be made legal tender, and therefore the fee for appeal had not been paid.
Several Austrian economists respond to the German Central Bank's move to repatriate its foreign-held gold.