While Otaki appropriately criticizes stimulus spending, he inexplicably attributes Japanese stagnation to the failure to follow Keynes.
Why does gold still matter? Politicians, central bankers, and investors dismiss it as a relic, but the precious metal still plays a role in today's economy. Keith Weiner of Monetary Metals explains why.
The Morgan-Rockefeller forces began to organize a "reform" movement to cure the "inelasticity" of money and to move slowly toward the establishment of a central bank.
Saifedean Ammous explains why Austrian economics helps us understand Bitcoin, and how Bitcoin can help us understand Austrian economics.
The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.
Central Banks and the fiat reserve dollar hegemony won’t cede their power to cryptocurrencies easily, and they're now resorting to a return to precious metals to stave off the threat of individual monetary sovereignty, Bitcoin, and the digital revolution.
Stated simply, gold-standard proponents seek a dollar that is widely trusted as a constant measure of value. Nothing more. Nothing less.
"The power to issue money was essential for the finance of the government … in order to give to government access to the tap where it can draw the money it needs by manufacturing it."
The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intention to use it as a medium of exchange.
