Posts Tagged ‘ fiat money ’

Milton Friedman’s Money Machine

Mar 21st, 2011 | By | Category: Featured, Gold, Macro Economics
Milton Friedman believed in the free market most of the time. The trouble was, whenever he approached the coercive monopoly known as civil government, he came up with logical solutions based on the idea that civil government can be made more efficient by adopting pseudo-market arrangements. He came up with ...read more

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Posted in Featured, Gold, Macro Economics | 2 comments


Why Gold Really Is Money

Dec 29th, 2009 | By | Category: Featured, Gold
L: Doug, we’ve talked about cars, cows, and cash, but the investment world thinks of you as a gold bug, so let’s give that a go; why gold? Doug: Sure. First of all, it’s because gold is actually money. It’s an unfortunate historical anomaly that people think about the paper in ...read more

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Posted in Featured, Gold | 9 comments


Free Lunches, Money from Nothing and Limits to Government Theft

Sep 4th, 2009 | By | Category: Featured, Politics
Consider economics and governments as resembling a restaurant. In order for there to be a restaurant at all some entrepreneur has to put his money and vision on the line and open it. He has a thing called "overhead," which is irreducible on-going expenses whether he has any customers at all ...read more

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Posted in Featured, Politics | 15 comments


Dreams of the Maestro, Gold and Inflation

Apr 16th, 2009 | By | Category: Featured, Gold, Macro Economics
Don't ask us why the Maestro showed up in our dream. He just did. So we took the opportunity to ask him a few questions. We've reconstructed the conversation as best we can. "Maestro...you hardly look yourself. It looks like twenty years have dropped from your face. It must be liberating ...read more

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Posted in Featured, Gold, Macro Economics | 5 comments


After the Dollar

Apr 7th, 2009 | By | Category: Featured, Morning Whiskey
All right, we are all agreed – the dollar is doomed. But I haven’t heard much talk about what’s going to come after it, except for mutterings about going back to a gold standard. Let’s look at some of the possibilities. First, let’s consider a bit of history. Money was originally ...read more

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Posted in Featured, Morning Whiskey | 5 comments