MARKETS

What Money Is, and What It Isn’t

A Three-Pronged Blunder, or, what Money is, and what it isn’t.

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The Economics of Socialism (Part 4)

The exclusion of free initiative and individual responsibility, on which the successes of private enterprise depend, constitutes the most serious menace to socialist economic organization.

A Tragic Half Century Without Gold Money

The gold standard wasn’t suspended because it caused the Great Depression or bank failures, nor did it disappear in 1971 because it “didn’t work.” It’s been gone because fiscal alchemists couldn’t expand the gold supply as they expanded government.