gold standard Archives

Analysis

A New Gold Standard? Legislation Brings Monetary Debate to Congress

This week, Congressman Alex Mooney (R-W.Va.) reintroduced legislation to make a U.S. dollar convertible into a fixed weight of gold. Much in the spirit of Jack Kemp’s Gold Standard Act…

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Analysis

Mooney Money! How This Rep. Is Reviving a Forgotten Economic “Magic Formula”

This week, Congressman Alexander Mooney (R-W.Va.) put the classical gold standard back into congressional purview with his introduction of H.R. 5404 and his excellent Wall Street Journal op-ed, “Steel and…

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Analysis

How Bitcoin Is Redistributing Wealth to a New Generation of Innovators

This article was posted originally at the Epoch Times. Normally, the concept of wealth redistribution involves government using force to take from some people and give to others. But the bitcoin revolution is…

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Analysis

Why Does Bitcoin Have Value?

This article was posted originally at the Epoch Times. Up 158 percent against the U.S. dollar this year, bitcoin is now the best-performing currency. Many are confused as to how this…

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Analysis

Some Economists are Mad at Amazon… For Lowering Your Grocery Prices

Last week, Jeff Bezos sent Keynesian economists into a frenzy with the announcement that Amazon.com would be purchasing the Whole Foods grocery chain. So why were the Keynesians in despair?…

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Analysis

Do We Have Enough Gold to Return to the Gold Standard?

Lazy economic pundits argue that a return to the gold standard is impossible because “there is not enough gold.” Fortunately for those who want wages as good as gold, this…

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Analysis

Greenspan’s Big Reveal: The Secret Recipe for Economic Growth

Former Fed Chair Alan Greenspan praises the gold standard in the February 2017 issue of The World Gold Council’s Gold Investor. Therein he makes what may be his strongest statements…

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Politics

Will Trump Be the “Gold Standard” President?

Remember when Donald Trump advocated for the gold standard on the campaign trail? GQ remembers: Bringing back the gold standard would be very hard to do, but boy would it…

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Analysis

Is Bitcoin’s Surge Pointing Us to the Gold Standard?

Last week, the “digital currency” Bitcoin raised eyebrows when, for the first time, a Bitcoin became more valuable than an ounce of gold. While Bitcoin remains unimpressive as a form…

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Analysis

Huffington Post Predicts Trump Will Call for Gold Standard

Recently, two of The Huffington Post’s political reporters, Eliot Nelson and Jeffrey Young (who have managed to fuse ridicule and journalism into something functionally indistinguishable from “Alternative Facts”) recently made…

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Analysis

Paul Krugman: “The Trump Economic Team Is Shaping up as a Gathering of Gold Bugs”

Paul Krugman tweets: Are people noticing that the Trump economic team is shaping up as a gathering of gold bugs? 1/ — Paul Krugman (@paulkrugman) December 20, 2016 That tweet is…

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Analysis

The Real Steve Bannon Revealed!

A marvelous interview with Donald Trump’s chief strategist Steve Bannon has suddenly appeared in, no less, The Hollywood Reporter: “Ringside With Steve Bannon at Trump Tower as the President-Elect’s Strategist…

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Analysis

High Stakes for 2016: Judy Shelton for Fed Chair to Make America Great Again

In The Daily Caller, freelance writer Johannes Schmidt writes “On November 8th I’m Voting For Our Next Fed Chair.” It’s an especially astute column. While many commentators correctly have focused…

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Analysis

Good Monetary Policy Is Too Serious a Matter to Be Left to the Fed

US News and World Report‘s Andrew Soergel reports that “With White House in Sight, Trump, Clinton Plan Fed Renovations: No matter who wins the election, times are likely changing at…

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Analysis

Will President Trump or Clinton Evade What Sunk the Ford, Carter, Bush and Obama Economy?

Whoever wins the presidency there is a lurking issue, the most underappreciated issue in politics. Getting it wrong destroyed the economy (and contributed to ending the presidencies) of Ford and…

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Analysis

Memo to President Trump or President Clinton: The Gold Standard Made America Both Good and Great

Marc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore: The long boom after World War…

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What ‘JFK and the Reagan Revolution’ Reveals About Trump

Remember prosperity? Want it back? Here’s the secret formula, which has always worked and would work again: Cut marginal tax rates and restore integrity to the dollar. Donald Trump is…

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The Gold Standard: Copernicus, Newton, Priestley… and Trump?

Sam Kriss, in The Atlantic, has a wonderful new story, “Flat-Earthers Have A Wild New Theory About Forests,” in which I find an oblique allusion to… myself. Still, among all the…

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Donald Trump, the Politicized Fed, and the Golden Rule

Left-leaning thought leaders have been unfairly scalding Donald Trump for his recent observations that the Federal Reserve is politicized. Therein an inconsistency, verging over into naked hypocrisy, by the left…

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Memo to Donald Trump: The Gold Standard Will Guarantee 4 Percent Growth

In calling for 4 percent growth, Donald Trump hit a home run. He has the right instincts. If he follows them he can turn this home run into a grand slam.…

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