Archive for December, 2012

“Après moi le deluge”

“Après moi le deluge”
by Alex Chafuen During a recent interview on NTN24TV,  I was asked about the difference between the fiscal deficit and the fiscal “cliff.”  I told them that the deficit is more like a flood (deluge), and that explanation led me to write an op-ed for Investors Business Daily, thanks Daniel...
December 31st, 2012 | Commentary, Scholars' Corner | Read More

Sound Money vs. Stable Money

Sound Money vs. Stable Money
by Kenneth Gould Historically, there have been two contrasting monetary doctrines. The first doctrine favors what it calls “sound money,” defined as money that has a purchasing power determined by markets, independent of governments and political parties. A true gold standard is...
December 28th, 2012 | Popular Articles, Resources | Read More

Another Step Toward Helicopter Money, And Away From Freedom

Another Step Toward Helicopter Money, And Away From Freedom
by James Dorn The Federal Reserve’s decision to enter the New Year by extending and enlarging its policy of quantitative easing is another step toward “helicopter money”—that is, directly increasing the public’s cash balances by an injection of high-powered money.  This could be done by dropping...
December 28th, 2012 | Popular Articles, Resources | Read More

Keep Your Golden Eyes on China

Keep Your Golden Eyes on China
by Devin Roundtree Due to the European Debt Crisis, little attention has been paid to the fundamental changes taking place in China. For more than a decade China has served as the biggest creditor to the United States government. But, two years ago, China apparently had a change of heart. The Chinese...
December 28th, 2012 | Commentary, Sound Money Blog | Read More

Sweden’s War on Cash Runs Into a Wall – and a Heroic Bank

Sweden’s War on Cash Runs Into a Wall – and a Heroic Bank
by Joseph T. Salerno The war on cash in Sweden may be stalling. The anti-cash movement has been vigorously promoted by major Swedish commercial banks as well as the Riksbank, the Swedish central bank. In fact, for three of the four major Swedish banks combined, 530 of their 780 office no longer accept...
December 28th, 2012 | Blogs, Resources | Read More