Central Banks: Employment Creators or Mega-Hedge Funds
The Keynesian disaster recovery plan has been to lower rates, force people to take more risk in search of yield, and entice others to …
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Bitcoin: Segway, Cigarette, or Gold Doubloon?
The market has selected different things as money throughout history. Some of these items have served as money in isolated places for specific periods …
Sailor Tales From the Bitcoin Seas
As someone who only recently dived into the rocky Bitcoin waters — and discovered a world I had never imagined — I enjoy talking …
Gold Sell-Off: There Is Only One Question That Matters
Last Friday, I participated in a short debate on BBC Radio 4’s Today program on the future direction of gold. Tom Kendall, global head …
Benny and the Monetary Jets
“My inflation record is the best of any Federal Reserve chairman in the postwar period,” said the great bearded one, a bit annoyed, responding …
Bubble Trouble: Is There an End to Endless Quantitative Easing?
The publication earlier this week of the Federal Reserve’s Federal Open Market Committee minutes of Jan. 29-30 seemed to have a similar effect on …
What Is Bernanke Really Thinking?
Why a third round of quantitative easing? Sure, Ben Bernanke says that it is all about jobs and growth, as shown by various 60-year …
The Great Monetary Debate
When National Public Radio airs a segment on the gold standard, you know that the debate over the quality of money has reached the …
The Transformation of Banking
There is a scene in the Parable of the Talents in which the returned master berates the shabbiest of his three servants. Discovering that …
Zero Percent Uber Alles
We are getting a sense of what life is like with the new Fed policy of openness. It means that the chairman tries to …