U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.
What do a famous broken bridge and Jimi Hendrix have in common with monetary effects on consumer prices? Short answer: a dynamic system & positive feedback.
Liquidity trap. A situation where monetary policy becomes effectively useless because of low interest rates that cannot be lowered any further and where shoveling more money at the problem does not result in any improvement in GDP as people save rather than invest.
In the meantime, America’s roads and bridges are crumbling, tent and RV encampments have inundated our largest cities, brick-and-mortar retail outlets have become deserted shells -- all while public and private debts have mounted beyond reckoning.
Big economic storms are rare and usually end quickly, but they tend to have long-lasting effects. Today I want to talk about a storm 50 years ago that still affects us now. Important things happened in the 1970s.
“Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases. -- Doug Casey
In recent weeks the investigative financial journalists Pam and Russ Martens have reported about the huge increase -- hundreds of billions of dollars -- in the money held by the U.S. Treasury's Exchange Stabilization Fund, which since 1934 has been authorized..
