The Unadulterated Gold Standard Part IV (Intro to Real Bills)

In Part I (http://keithweiner.posterous.com/unadulterated-gold-standard-part-i), we looked 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 more wealth at a faster pace than any other country before, or since.  There [...]

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The Unadulterated Gold Standard Part III (Features)

In Part I, we looked 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 more wealth at a faster pace than any other country before, or since.  There were [...]

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The Unadulterated Gold Standard Part I*

*It turns out that we did not publish Part 1 of Keith’s article on “The Unadulterated Gold Standard”. So apologies to readers who read Part II before Part I. Here it is. — JH

 The choice of the word “unadulterated” is not accidental.  There were many different kinds of gold standard, [...]

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The Unadulterated Gold Standard Part II (History)

In Part I, we looked 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 more wealth at a faster pace than any other country before, or since.  There were [...]

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KeithGram: Gold — Pieces Of 50

As we move forwards towards a gold standard, we will need many new innovations (as well as a rediscovery of old things that have long been forgotten).  At the Gold Symposium in Sydney Australia, I saw an exhibitor who has a new, innovative product.  They have thin sheets (almost like wafers, especially the gold ones). [...]

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The Lost Bush/Obama Era Gave Us the Gold Commission

Here is John Tamny’s take on the possibility of the return to a gold-based monetary standard, and the origins of the Gold Commission. His analysis is excellent though we may disagree on his conclusions about which gold standard would be optimal. This article originally appeared on Real Clear Markets.— JH

 

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Jim Grant on the Gold Standard and the Fed’s Hall of Mirrors

Here is ever sensible James Grant being very patient in discussing the gold standard, the Fed, Paul Krugman, inflation, and deflation with Bloomberg’s Tom Keene. His interviewers throw every argument against the gold standard and he gently leads them to the truth about gold. Interviewer Sandra Eisen seems to be the fountain of contemporary failed [...]

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In A Paper Money System, All Assets Are Backed by the Treasury Bond

What backs the money in the present irredeemable paper system?  Start by considering this brief anecdote.  Joe buys some equipment from John, to be paid Net 30.  We say that Joe owes John $10,000.  Next month, Joe comes back and gives the money to John.  Joe is out of debt, but [...]

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Book Review: The Golden Revolution

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 often come) with dark, conspiratorial whispers, psychologizing of leaders in government and finance, and preposterous [...]

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From Deflation Push …To Inflation Shove

For the third time since 2008, financial markets are pricing in a deflationary rather than inflationary future. The reasons for this are understandable. There is now strong evidence that global economic activity is slowing. The euro-area banking and sovereign debt crisis is worsening. The US is heading towards a so-called ‘fiscal cliff’ in [...]

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Keith Weiner Lecture “Irredeemable Currency” Part 2.2

Here is the second part of Keith Weiner’s lecture on “Irredeemable Currency vs. Gold: The Solution”. It is broken down into two videos. This is the second part. 

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