Tag Archive: David Ricardo
Michael Kendall
February 20, 2017
Understanding Gold 8 There’s a very odd thing about a gold standard. Hardly anyone understands it, least of all economists. It’s not like there is no record of the previous three centuries. From the late 1600s until the 1970s, major…
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Michael Kendall
July 1, 2016
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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