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Patrick Barron

Economics

In Defense of the “Two Bank” Banking Reform Proposal

11th May 2022 Patrick Barron 0

In his recent essay for Goldmoney.com, titled Building a Better Banking System, Alasdair Macleod agrees with the Austrian view that sound money would help prevent a looming “combined currency, asset, and banking crisis”, yet challenges [more…]

Economics

How Bad Is Currency Debasement of the Dollar?

4th April 2022 Patrick Barron 0

Well, currency debasement is pretty bad, as a few key statistics will reveal, but first some background. At the Bretton Woods Conference in 1944 the US agreed that it would redeem dollars for gold at [more…]

Economics

A Very Short Primer on What Causes Inflation

28th March 2022 Patrick Barron 0

What almost everyone calls “inflation” is really a rise in the general price level. OK. But the real definition of “inflation” is inflation of the money supply. A rise in the general price level is [more…]

Economics

Eliminating Legal Tender Laws: A First Step to Sound Money and Financial Truth

10th January 2022 Patrick Barron 0

Mention the term “legal tender” in polite company and most people will resemble a deer in the headlights. In simple terms legal tender laws grant monopoly status to money, usually fiat, produced by government; i.e., [more…]

America

The Real Problem with San Francisco

29th December 2021 Patrick Barron 0

In the latest New York Times Book Review Wes Enzinna reviews Michael Shellenberger’s San Fransicko: Why Progressives Ruin Cities. Mr. Enzinna, who is critical of the book, acknowledges that one in one hundred of San [more…]

Computing

Subjecting the Global Warming Hysteria to Rationality and Logic

6th December 2021 Patrick Barron 0

So much of our time, energy, and resources have been sacrificed to the Global Warming Hysteria without subjecting the issue itself to rationality and logic. I intend to provide a logical step-by-step approach that may [more…]

America

The Most Dangerous Organization on the Planet

24th November 2021 Patrick Barron 0

If asked to name the most dangerous organization on the planet, I doubt that few outside of the Austrian economic community would respond “America’s central bank–The Federal Reserve Bank (The Fed)”. Nevertheless, there is no [more…]

Business

Sound Money Is a Pre-requisite to Peace, Prosperity, and Freedom

25th October 2021 Patrick Barron 0

There are many good recommendations promoted by Austrian school economists for improving the  economy. Although we enjoy successes periodically, most–such as deregulating trucking and airline pricing–involve eliminating previous government interventions. These successes are to be [more…]

America

Government Spending Cannot “Stimulate” the Economy

18th October 2021 Patrick Barron 0

Government economic policy is completely backwards. We are told that massive deficit spending, interest rates driven to zero, and now higher taxes on the “rich” will bring the American economy out of the doldrums or [more…]

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