Classical Economics in a Quantum World
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. …
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
Understanding Gold 1 There is an interesting paradox to gold. Virtually everyone on the planet inherently understands gold and recognizes its monetary value. There is nowhere on the planet where this is not true. From the deepest jungles, remote areas…
Read more
Thomas Carlyle, a Scottish philosopher and historian, termed economics “the dismal science” in the 19th century. Regardless of Carlyle’s reason for originating the phrase, today’s economics profession ensures that economics remains true to Carlyle’s sentiment. In an era of abundance,…
Read more
Much less, care what they say The privately held Federal Reserve Bank Chair is a household name as recognizable as the most senior elected officials occupying positions of extreme power in the federal government. Markets soar and swoon on a…
Read more