Classical Economics in a Quantum World
In March 2019, Bitwise Asset Management made a presentation to the SEC to launch a Bitcoin ETF. On October 9, 2019, the SEC disapproved Bitwise’s proposal. This follows the rejection by the SEC of every previous bitcoin ETF proposal, including…
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Gold has been money for thousands of years. Gold standards emerged in the late 1600s, and for 300 years major economies of the world were on a gold standard of some form. What is interesting is that there is no…
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The Normal “The normal” was Fed operating policy from 1913 – 2008. The Fed had direct control of the supply of base money and the ability to match it to demand. By direct control I mean when the Fed created…
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The guests mingled. The dinner, toasts, acknowledgments, and speeches had ended. Spirits were high and none more so than George Gilder. This was his night. It was August 24, 2016, and George had wrapped up his Telecosm event at The…
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How Economic Policy Influences War As noted in Part I, Hue 1968 – War and Economics, Bowden gives a historical overview of Vietnam and its geopolitical role. Ho Chi Minh initially made positive overtures toward the U.S. at the end of…
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The Battle of Hue Mark Bowden has written an amazingly detailed account of the Battle of Hue. The battle occurred during the Vietnam War Tet Offensive of 1968. His publisher Morgan Entrekin, who convinced Bowden to write the book, saw…
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Judy Shelton is Trump’s nomination to the Federal Reserve Board. She is a long-time advocate of a gold standard and has written two books on the subject, Money Meltdown and Fixing the Dollar Now. She is a threat to…
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The Anti-Economist Nathan Lewis explains economics in an easily understandable way that cuts through the econobabble. Like most citizen economists, he approaches economics from a reference of common sense rather than academic haughtiness. It is surprising how many economists in…
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Returning to a Gold Standard and Gold Equilibrium looked at the relationship between the optimum price of gold (the price level) and the spot price of gold (POG). A return to a gold standard, without the induced economic stress of…
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