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“The Scandal of Money” Interview

My book, The Scandal of Money: Why Wall Street Recovers But the Economy Never Does, launches today: The Fed creates money for the government and for the Fortune 500 corporations and nobody else gets it. . . this has starved Main Street

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Cruz Is Right About Gold

Ted Cruz grasped the nettle in the debate and explicitly upheld gold as the “ideal” monetary foundation. Perhaps he understands the scandal of money: that gold currency is now effectively illegal in the U.S.; that the murky $5.3 trillion a day churning of currencies now muddles

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Greece and Gold

Megan McArdle, a smart journalist, is dead wrong in arguing that the moral of the Greek story is bad for gold.  The reason for Greece’s troubles is the failure of the global fiat money regime that McArdle supports as the remedy. With nearly

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Ramesh is Wrong

My short book presents a new information theory of money. Only in passing did I cite Ramesh Ponnuru and National Review as influential representatives of a monetarist faith curiously shared with Paul Krugman and most Democrats. With colleague David Beckwith, Ponnuru is a