I “enjoyed” the dubious honor of attending inner city public schools from Kindergarten through high school way back in the fifties and sixties, when attending such schools was relatively safe and the education level was [more…]
Gold’s spectacular performance has drawn a lot of attention and invited endless analyses and commentaries. There are many theories out there as to why the yellow metal is surging like never before in modern memory, [more…]
Since the Bretton Woods Agreement in 1944 the dollar has been the world’s preferred reserve currency; i.e., the major trading nations of the world were willing to hold dollars in vast amounts to satisfy their [more…]
The US dollar has been the world’s premier reserve currency since the Bretton Woods Agreement of 1944. Until 1971 it was redeemable by foreign central banks in gold at $35 per ounce. As long as [more…]
News here in the US has been full of the latest farce known as raising or not raising the debt ceiling. Today (Thursday, May25, 2023) the Wall Street Journal’s headline story reassures us that progress [more…]
Thorsten Polleit’s recent essay, The Road to a Single Fiat World Currency, explains the dangers of the current trend in the West to eliminate cash and create a world fiat currency in the place of [more…]
Is it possible, or perhaps even desirable, for economic freedom and progress to be compatible with authoritarian government? Let’s cut right to the chase. Although some may believe so, this is a fallacy. Freedom is [more…]
Central planners and paper pushers of all stripes are not generally known for their acumen or their ability to recognize and successfully seize opportunities in time. They always tend to lag behind more or less [more…]
I have written on the subject of currency debasement many times, but it is now reaching crunch-time – even for the pound, dollar, yen and euro. Most respected economists persist in defining inflation as a [more…]
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