George Ford Smith

Articles

We Desperately Need Sound Money, Not Tariffs

12/24/2024 Mises Wire George Ford Smith

“The secrets of economic success are now known around the world: private ownership, legally enforceable contracts, thrift, low taxation, the free flow of capital, and the avoidance of war. Men still...

Finding Shelter from Monetary Racketeers

11/22/2024 Mises Wire George Ford Smith

Henry Hazlitt said that to cure inflation, stop inflating, but surprisingly, most economists and politicians don’t want a cure. They believe a little inflation is not only good, but necessary...

The Birth of “Irrational Exuberance”

10/21/2024 Mises Wire George Ford Smith

But how do we know when irrational exuberance has unduly escalated asset values . . .? — Fed Chairman Alan Greenspan, “ The Challenge of Central Banking in a Democratic Society ,” December 5, 1996...

Media

The Birth of “Irrational Exuberance”

11/19/2024 George Ford Smith

Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France's minister of finance.

How the Bankers Outfoxed the Politicians

11/11/2024 George Ford Smith

When the bankers called for a central bank in the US, they claimed to only want a way to stop bank runs. It turns out that they wanted—and got—much more. The permanent regime of inflation and asset bubbles is the result.

What Does ChatGPT Know about Money?

10/11/2024 George Ford Smith

What does ChatGPT know about money? More than one might think. George Ford Smith asks the AI program some questions about money and gets some surprising answers.

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