Jim Grant writes at Barron’s about an increasingly casual approach to monetary policy. In finance today, comfort trumps propriety. As necks are tieless, so are earnings “adjusted.” As shirts are…
Steve Forbes takes former Federal Reserve chairman Ben Bernanke to task in the latest issue of Forbes magazine. In critiquing Bernanke’s weak-dollar policies, Forbes offers a useful analogy illustrating the…
Thomas Donlan of Barron’s ponders in his latest editorial commentary the likely impact of Janet Yellen as the new “chair” of the Federal Reserve. Yellen is widely taken to be…
So argues economist James Grant (who calls himself a “Cleveland Democrat”) in this Washington Post piece. We have borrowed so much and will only be able to pay back in depreciating…
People who think themselves economically sophisticated usually scoff at the idea of returning to a monetary system based on gold. They believe that it’s somehow “progressive” to instead have a…
Yesterday’s WSJ featured an excellent piece by Father Robert Sirico (a Catholic priest who has learned more about economics on his own than most econ professors know) on a recent…
Food trucks have created a big stir in Asheville, as they have in Raleigh. Restaurateurs with loci tied to the ground are concerned they will lose market share; but they…
In this well-reasoned article, economist Robert Murphy refutes many of the common misconceptions about the gold standard. I have never seen a statist defend gold. There is a reason for…
The quote is “the natural progress of things is for liberty to yield, & government to gain ground.” Letter to Edward Carrington, 27 May 1788. Jefferson was in Paris at…
Several things to tie together here. One, banks do not lend money anymore. At least not to the private sector. So how do they make money? Well, if you are…
Buy-gold enthusiasts have cause to feel paranoid. By way of its consent agenda, Asheville City Council amended the city’s fees and charges manual to empower the Asheville Police Department to…
This is not news. Please, tell me who is not getting newly-printed money.