LATEST NEWS : Containing Competitive Monetary Easing

MUMBAI – As the world struggles to recover from the global economic crisis, the unconventional monetary policies that many advanced countries adopted in its wake seem to have gained widespread acceptance. In those economies, however, where debt overhangs, policy is uncertain, or the need for structural reform constrains domestic demand, there is a legitimate question […]

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2014: Investing in a World of Hyperaggressive Monetary Policy

The growth of the U.S.’s bigger and broader productive economy has been stunted by bad policies and bank bailouts benefiting rent-seeking financiers siphoning off an outsized percentage of the nation’s gross domestic product (GDP). Rent-seeking companies lobby Congress for subsidies for activities that do not benefit society. Moreover, beneficiaries of Congressional largesse damaged society by […]

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Why Gold Is The Best Money Of Them All, And Nothing Comes Close

If you ask anyone, “what is money?” they can point to a dollar bill, but not define money itself. It’s become so complicated that economists debate what to include in the measure of the money supply. Most don’t believe that gold is money. Nevertheless, gold still behaves as money even though governments have banished it […]

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China Should Issue Gold Bullion Coins That Aren't As Practical In The U.S.

I’m kind of a big picture guy. I would like to see the government of China issue a parallel gold-based currency, in the form of banknotes and coins, for widespread use within China and around the world — or, at least, to sanction some private institutions to do so, as Hong Kong does today. Full banking […]

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Much Bigger Than The Shutdown: Niall Ferguson's Public Flogging Of Paul Krugman

While America was distracted by the theatrics of the government shutdown and threat of default something of much greater importance occurred. Niall Ferguson undertook a public flogging of Paul Krugman. Krugman’s horns now forever will show under his dislodged faux halo. For this the world will prove a safer, and much more decent, place. continue […]

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Measured In Gold, The Story Of American Wages Is An Ugly One

Workers’ wages buy less and less. In fact, workers have lost purchasing power during the past half-century. Comparing prices to wages, the Consumer Price Index (CPI) rose more than six times from 1965 to 2011—while the minimum wage rose less than five times. Professionals also suffered. According to the Engineering Workforce Commission, a senior engineer’s […]

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Solving A Serious Mystery: Why Don't Gold And Silver Coins Circulate?

“The U.S. Mint has been stamping out gold and silver Eagle coins since 1986. The Mint is required by law to produce Eagles in sufficient quantity to meet demand. In addition, there are many other gold and silver coins that are readily available including Maple Leafs from Canada, and Krugerrands from South Africa. There is […]

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