Archive for Lawrence M. Parks

The Power of Gold: The History of an Obsession by Peter Bernstein

Wiley & Sons · 2000 · 432 pages · $27.95 Reviewed by Lawrence Parks When it comes to disparaging gold, Peter Bernstein can’t be outdone. Among other traducements, he blames gold for: the institution of slavery; having “torn economies to shreds”; the Great Depression of the 1930s; and many other “horrors.” In Bernstein’s view, people [...]

1Nov2001 | | 0 comments | Continued

Burn Your House, Boost the Economy

Lawrence Parks is executive director of the Foundation for the Advancement of Monetary Education. Adapted from The Money Review, November 1997. An earlier version of this article appeared in The Free Market. As recently as 50 years ago, classical economists regarded the vitality of the economy as its ability to produce things that people wanted [...]

1Mar1998 | | 0 comments | Continued

Money And Inflation

Lawrence M. Parks is President of Systematic Asset Management Corporation, a registered investment adviser. In his speech to the Economic Club of New ,York last year, Federal Reserve Chairman Alan Greenspan used the word “inflation” no less than 50 times. In the Chairman’s speeches and in Congressional testimony, he has said of inflation: It is [...]

1Apr1994 | | 1 comment | Continued

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