Author Archive: Michael Kendall
Gold the Missing Years
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 New New Normal
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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My Run with George Gilder
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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War and Economics II
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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Hue 1968 – War and Economics
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 and the Fiatbugs
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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Nathan Lewis: The Magic Formula – Book Review
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 II
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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Gold Equilibrium
Why the U.S. could return to a gold standard at $1300/oz without risk of inflation or deflation There are two prices of gold. There is the market spot price of gold (POG) and an optimum POG which represents the price…
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