All Posts Tagged With: "paper money"
Why “Inflation” Is Back
“Government,” observed the renowned Austrian economist Ludwig von Mises, “is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.” Mises was describing the curse of inflation, the process whereby government expands a nation’s money supply and thereby erodes the value of each monetary unit—dollar, peso, pound, [...]
1Nov2008 | Lawrence W. Reed | 9 comments | ContinuedThe 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 | Lawrence M. Parks | 0 comments | ContinuedPrinciple & Interest: Thomas Jefferson and the Problem of Debt
Mr. French is a vice president in commercial real estate lending for a bank in Las Vegas, Nevada. In his History of Economics classes, Murray Rothbard told us that it was important not just to study what policies and theories held sway during the past, but to examine why certain economists or politicians advocated the [...]
1Oct1996 | Douglas E. French | 0 comments | ContinuedThe Lustre of Gold
Former Congressman Ron Paul was a co-founder and member of the U.S. Gold Commission, where he brought about the restored minting of American gold coins. Dr. Paul is also author of Gold, Peace, and Prosperity and co-author of The Case for Gold. The lustre of gold indeed! Unearth an ancient Roman coin, and it gleams [...]
1Jan1996 | Ron Paul | 0 comments | Continued-
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