Classical Economics in a Quantum World
Understanding Gold 3 As Warren pithily observed, gold does get dug out of the ground. Not just in Africa. Gold is found on every continent on earth. This is one of gold’s many monetary properties. If one is looking for…
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In The Scandal of Money, George Gilder delivers the monetary bookend to his 1981 influential fiscal policy best seller, Wealth and Poverty. W&P greatly influenced Reagan’s economic blueprint for tax cuts across the board, welfare reform, and entrepreneurial fiscal policy. …
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Understanding Gold 2 Gold gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching…
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We are reaching a global denouement after 45 years of fiat monetary manipulation. Whether this will result in a Reagan-like economic rescue and continuation of American prosperity or a Great Depression-like global meltdown followed by social chaos, government mistrust, and…
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A strong and stable society requires a basic bond between government and its citizens. This is a foundational bond. A bond that cements trust between government and citizens, and allows for a sustained, beneficial return shared equally between each. This is…
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Today, capitalism is on the ropes. Thomas Piketty, Robert Gordon, Adair Turner, and Larry Summers have lamented the end of growth leading to a new age of “secular stagnation”. Is capitalism a spent force? In its current form of crony…
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First, conventional wisdom floats “secular stagnation” and the “end of growth” as the policy failure excuse du jour. Quite the “conundrum”. Now to add insult to injury, Peggy Noonan informs us that we have entered the age of the end of…
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An individual with a non-chronic medical issue sees a doctor and the doctor prescribes a pill. This relieves the symptoms temporarily and the patient feels better. The patient continues to take the prescribed pill. Over time the continuous dosage of…
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