The destruction of sound money over the past century stems from actions at the federal level, but there are steps which states can take — and even have already taken — to move toward sound money.
Markets respond with price changes to eliminate money surpluses and money deficits.
M1 and the monetary base are almost equal at this time, but this is unprecedented in modern monetary history, as usually the monetary base is a fraction of M1.
This an engaging and intriguing account of how global currencies, such as British sterling and the U.S. dollar, have risen to global dominance in the international monetary arena, and how currencies such as the Chinese renminbi could follow in their footsteps.
Translation of the appendix to Juan de Mariana's most libertarian book De rege et regis institutione.
The dangerous political and financial actions of the Continental Congress looks like the modern-day Fed on steroids.
Our inflationary financial system benefits the wealthy at the expense of the poor.
Keynes believed that all economic problems could be overcome with global inflation. This would bring about a new utopian age in which only social and scientific problems would remain.
Even if the Fed were to know the level of the neutral rate it could not achieve economic stability.
The Bolívar’s collapse is rather tragic, considering the Bolívar was actually one of Latin Americas’ strongest currencies during Venezuela’s peak from the 1950s to 1970s.
