Tag Archive for: gold standard

A Free Market for Goods, Services, and Money

A thesis submitted September 3, 2012 by Keith Weiner to the Graduate Faculty of the New Austrian School of Economics, in partial fulfillment of the requirements for the degree of Doctor of Philosophy. Major Subject: Monetary Science. Abstract A free market is composed of people who produce and trade the products of their efforts in […]

What Will The Coming Gold Standard Look Like

I gave a talk at FreedomFest last month. Unfortunately, the video was not recorded (not even the projector worked). However, the topic is so important that I recorded the talk back in my office, to put a video to put on the Internet. My talk covers 6 areas: Two pseudo gold standards What do people […]

Against Irredeemable Paper, Report 23 July 2017

Something needs to be said. We are against the existence of irredeemable paper currency, central banking and central planning, cronyism, socialized losses and privatized gains, counterfeit credit, wealth transfers and bailouts, and welfare both corporate and personal. When we write to debunk the conspiracy theories that say manipulation is keeping gold from hitting $5,000 (one […]

Silver Is Now Offered At a Discount, Report 2 July, 2017

Have you ever been in a discussion about gold, when someone blurts out “we don’t have enough gold to operate a gold standard!” We have a standard retort. “Oh, that’s interesting. Please tell us how much gold you think would be necessary, and how you calculated it.” We have never heard a coherent answer to […]

The Unadulterated Gold Standard

In this five part series, we discuss why the world needs an Unadulterated Gold Standard: In Part I, we look at the period prior to and during the time of what we now call the Classical Gold Standard.  It should be underscored that it worked pretty darned well.  Under this standard, the United States produced […]

A Salvo in the Battle for the Gold Standard

I wrote what I thought was a fairly simple article for Forbes on Tuesday. I noticed that some people really got it, and they were very excited. However, others were skeptical or asking questions that went into the weeds. The former tells me that I said something important, but the latter says that I said […]

Going All-In On a Weak Argument

In Poker, to go all in means to bet everything you have. I do not think it is an exaggeration to say that, at least so far as the mainstream audience is concerned, we gold advocates have gone all in. We have made one argument: we should adopt the gold standard, because inflation. By inflation, […]

Fans of Central Banking Have an Achilles Heel

Most of my writing about the gold standard is about how it works, and how the paper dollar standard doesn’t. A casual conversation I had with someone recently underscored that there is an even stronger argument. Our opponents, those who support central banking and irredeemable paper money, have to make two cases. One is to […]

Why is the Gold Standard Urgent?

After President Nixon’s gold default in 1971, many people have advocated a return to the gold standard. One argument has been repeated: consumer prices are rising. While this is true, it wasn’t compelling in the 1970’s and it certainly doesn’t fire people up today. Rising prices—what most people think of as inflation—is a dead-end, politically. […]

The Unadulterated Gold Standard Part V

The Real Bill is credit provided for clearing, without lending or borrowing.  It is different than a bond.  To review the bond, in Part III we showed how it arises out of the need to save.  People must plan for retirement and senescence during their working years.  Even if there is no way to lend […]