Money & Banking

Trump’s Politicizing of Monetary Policy Won’t Fix the Federal Reserve’s Failings

Trump’s proposed reform would make the Fed an arm of the White House. It would be a step in the wrong direction.

William Jennings Bryan and the Founding of the Fed

William Jennings Bryan and the Founding of the Fed

William Jennings Bryan, the most stalwart enemy of both private currency and currency monopoly since Andrew Jackson, helped to create a currency monopoly far more powerful than any that Jackson could ever have envisaged, and far more capable of gratifying Wall Street, at the expense of the rest of the nation, than Wall Street alone, left perfectly free from government controls, could ever have devised.

Taxing By Inflation

Taxing By Inflation

If you put $1,000 in your piggy bank in 1960 and took it out to spend in 2000, you would discover that your money had, over time, lost 80 percent of its value.

How The FED Taxes The Poor

How The FED Taxes The Poor

One of the biggest, and one of the oldest, taxes is inflation. Governments have stolen their people’s resources this way, not just for centuries, but for thousands of years.

A Green Light for Gold?

A Green Light for Gold?

Gold moved from $300 to $1,800 not because investors believed the government would hold the line on debt, but because they believed that the U.S. fiscal position would get progressively worse. That is what happened this week.

What’s in the Vault?

What’s in the Vault?

Many have understandably sensed that central banks may well have acted to allow bullion banks to take out massive naked short positions in precious metals in order to drive down the price.

Understanding Gold Market Dynamics

Understanding Gold Market Dynamics

To an extent that reveals a thorough misunderstanding of the market forces, the financial media has failed to consider the different motivations and beliefs that drive the different types of investors who are active in the gold market. By treating the gold market as...

The Great Reflation

The Great Reflation

  This week economists, investors and politicians were treated to some of the "best" home price data since the frothy days of 2006 when home loans were given out like cotton candy and condo flipping was a national pastime. The Case-Shiller 20 City Composite Home...

The Biggest Loser Wins

The Biggest Loser Wins

While the world's economies jockey one another for the lead in the currency devaluation derby, it's worth considering the value of the prize they are seeking. They believe a weak currency opens the door to trade dominance, by allowing manufacturers to undercut foreign...

Gold Recovers Amidst Uncertainty

Gold Recovers Amidst Uncertainty

The selloff in gold that captured the world's attention in mid-April has revealed some truths about how the market trades and the sentiments of many of the investors who have piled into the trade over the past few years. While the correction does highlight a higher...

Gold in the Crosshairs

Gold in the Crosshairs

In the opening years of the last decade, most mainstream investors sat on the sidelines while "tin hat" goldbugs rode the bull market from below $300 to just over $1,000 per ounce. But following the 2008 financial crisis, when gold held up better than stocks during...

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