The last workweek of the year is complete. Beers were had with friends yesterday, Friday evening. The final shopping trip to the mall was completed today, followed by a good meal with my wife. Now I find myself in a...
It is now the second anniversary of a campaign to "crash" JP Morgan by encouraging people to buy silver (see max Keiser http://www.youtube.com/watch?v=H4IBUTHyROs). The idea is that JP Morgan has a large naked short position in silver. If people buy...
Dear Mr. Price:
I read your piece: "On the Use of Gold Coins as Money" (http://www.plata.com.mx/mplata/articulos/arti...iidarticulo=196). I think you ask the right question. This is the elephant in the room. Why do gold and silver not circulate?
I love your...
In Free Market Revolution, co-authors Yaron Brook and Don Watkins, colleagues at the Ayn Rand Institute, undertook a difficult task.
Since Ayn Rand made the case for egoism as the morality of capitalism in Atlas Shrugged (and more pointedly in...
The financial press and alternative investing blogosphere is all abuzz about proposed German controls that attack High Frequency Trading (http://www.cnbc.com/id/49174317). Government always justifies its coercive intrusion into markets by appeal to a sense of the "public good", and its...
There are many books on the market today about the coming collapse of the global dollar-based monetary system. Many of them purport to help the reader “profit” from the collapse(!) Others are filled (just like the blogosphere from which they...
In a gold-based monetary system, every asset is ultimately backed by gold. This does not mean that every debtor (including banks) keeps the full amount of its liability in gold coin just lying around. Why would one bother to borrow...
I have written other pieces on the topic of fractional reserve banking and duration mismatch, which is when someone borrows short-term money to lend long-term and how falling interest rates actually encourage duration mismatch. Falling interest rates are a feature...
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