George Gilder is most recently the author the ground breaking The Scandal of Money: Why Wall Street Recovers but the Economy Never Does. He is a founding fellow of the Discovery Institute and a senior fellow at the American Principles Project, which sponsored this book. Gilder is also the author eighteen other well-regarded books including Knowledge and Powerand Microcosm. After the publication of Wealth and Poverty, he became Ronald Reagan’s most frequently quoted living author. In the following clip — from a speech Gilder gave at FreedomFest 2016 — he explains how money, just like all forms of measurement, must be ultimately based
George Gilder is most recently the author the ground breaking The Scandal of Money: Why Wall Street Recovers but the Economy Never Does. He is a founding fellow of the Discovery Institute and a senior fellow at the American Principles Project, which sponsored this book. Gilder is also the author eighteen other well-regarded books including Knowledge and Power and Microcosm. After the publication of Wealth and Poverty, he became Ronald Reagan’s most frequently quoted living author. In the following clip — from a speech Gilder gave at FreedomFest 2016 — he discusses why government ought to consider money as a measurement of value
“Houston, we’ve had a problem here.” With those low-key words, command module pilot Jack Swigert of Apollo 13 revealed that, in the later recollection of mission commander James A. Lovell, its “oxygen tank No. 2 blew up, causing No. 1 tank also to fail. We came to the slow conclusion that our normal supply of electricity, light, and water was lost, and we were about 200,000 miles from Earth.” NASA’s heroic and successful effort to return the crew safely home is part of national lore and history. “Washington, we’ve had a problem here,” we, the voters, are saying, far more emphatically.
Mike Pence? Full disclosure: I served as head of the Super PAC seeking to draft Pence into the 2012 presidential race. Having long been persuaded of Pence’s superior leadership qualities, I’m even less objective than usual. We called Pence “The Conservative Champion” and for good reason. Then, in 2012, Pence made the right decision: to run for governor of Indiana. That was an opportunity for distinguished public service. As it happened, it was also a perfect boot camp for the vice presidency. […] One of the reasons that Pence showed himself extraordinary may have faded from general memory. It has
Barron’s compiled daily client memos from Greg Valliere, a Washington-based strategist with Horizon Investments, under the headline “Will Trump and Cruz’s Fed Feud Rattle Markets?” Subhed: “The two leading GOP candidates want to curb the Federal Reserve. Could that shake up stocks?” Valliere notes that the three living retired Fed chairmen and the current Fed chair proclaimed that the U.S. economy is not in a bubble and not close to a recession, contrary to claims that Trump-on-the-Stump recently made. He also expresses mild consternation that Mr. Trump and Sen. Cruz would favor “an audit of the Fed’s policies,” that they
This column from The Daily Caller last week is a great defense of Ted Cruz on the gold standard: Mr. Cruz has been excoriated for seemingly incompatible statements concerning the U.S. central bank, the Federal Reserve. On the one hand, he has advocated exploring a return to the gold standard, seemingly questioning the Fed’s purpose. On the other hand, he has accused the Fed of implicitly creating the Great Recession by not intervening strongly enough in 2008 to prevent the crash. How can someone want the Fed to do more sometimes, but call into question its existence at other times? I do
Last week at The American Spectator, Bob Luddy aimed some harsh criticism at the Federal Reserve, blaming the Fed’s policy of keeping interest rates artificially low with causing a decline in the value of the dollar and undermining economic growth: The Federal Reserve Bank, commonly referred to as “The Fed,” has a policy to inflate the dollar by 2% annually. This is an absurd policy, which undermines our currency. The methods the Fed uses to achieve this policy distort and undermine sustainable economic growth. The Fed was established in 1913 as the Central Bank of the United States, for the purpose of
This piece was co-authored by Max Rangeley, an editor at The Cobden Centre. For the most part, tax, regulatory, fiscal, and labor policies differentiate from country to country. This makes it difficult to point to any one of these specific areas to explain the current global economic slowdown that we have been experiencing for the past few years. There is, however, one sector that ties the entire world economy together: the global monetary system. For decades, central banks have been artificially targeting interest rates and controlling the money supply with decisions made by some of the smartest PhDs the world has