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31

Episode 6: Why The Dollar Isn’t Money

Despite what Google Images serves up, money and currency are not the same thing. This view differs from that of mainstream economists, and this episode illustrates how those mainstream misconceptions might materialize to everyday folks. So what is it today that gives the dollar – or any fiat currency – its value? And how do […]

32

Wrong Measurement, Wrong Macro Call

We have written much on the topic of economic measurement. Does the dollar measure gold, is it appropriate to say that “gold went up”? Or does gold measure the dollar? Does a line of gummy bears laid out on the kitchen table measure the ruler? Does one stretch some rubber bands one day, and say […]

33

Open Letter to Gregory Mankiw, 7 December

Dear Professor Mankiw: I am writing in response to your article in the New York Times, “The Puzzle of Low Interest Rates”. I commend you for recognizing two important truths, which are missed by many other observers. One, that there has been a breathtaking drop in the interest rate over 40 years. Too many dismiss […]

34

Episode 2: One Radical Idea

After successfully selling his software company in August 2008, Keith Weiner pivoted to the study of economics in an effort to protect his assets. At first, his studies brought enlightenment about our monetary system. Then came the radical idea. In the first half of this episode, Keith and Dickson Buchanan discuss the two main problems […]

35

Episode 1: The Accidental Economist

How did a software dropout go on to become a successful entrepreneur…and eventually earn a PhD in economics? In this episode, Addison Quale leads CEO Keith Weiner back through his journey from software geek to economist. They discuss how Ayn Rand’s writings set the stage for understanding monetary economics, why the retirement savings advice given […]

36

Money Answers Show: Precious Metals Amid The Pandemic

CEO Keith Weiner appeared on The Money Answers Show with host Jordan Goodman this week. They covered a variety of topics, including: Monday’s gold dive The logistics of leasing gold A dilemma facing pension fund money managers What we can expect if the complete agenda of Democrats goes into effect Enjoy the show!   Transcript […]

39

Socialism and Gold

Socialism and Gold Most people assume that the central bank prints money when it buys bonds. They further assume that this increase in the quantity of money causes an increase in the general price level. And, this leads them to assume that the value of the money is 1 / P (P is the general […]

40

Central Planning Vs. Economics, Report 29 Dec

We have spilled barrels of electronic ink, making the point that central banks are wreaking havoc. They hurt the poor, the middle class, and the rich. They hurt the wage earners, the business owners, the investors (aka the “rentiers”), and the pensioners. They have variously inflicted rising interest rates, too-high rates, falling rates, and too-low […]