Classical Economics in a Quantum World
The misunderstanding of gold and the perpetuation of gold fallacies by academics, economists, and PhDs is easily explainable. Gold is the kryptonite to their errant economic theory. Gold signals the continuous error of the floating fiat PhD standard. Economists have to dismiss gold…
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Inflation and deflation are a basic component of economics. Yet, the Federal Reserve, which has monopoly control of the value of the dollar, admits that they “aren’t sure they understand how inflation works anymore.” That a currency must be stable…
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In Part I, I examined Wright’s monetary views expressed in The illusion of scale in segregated witness. It is a rehash of Friedman’s failed monetarism experiment of the 70s, with fixed money supply instead of constant supply. Monetarism without an…
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Nathan Lewis has written the third in a series of books about gold. Gold is innately understood by all, but theoretical knowledge has wandered in the economics wilderness for nearly a century. I call this the Gold Paradox. Academia and…
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Global reserves preference in fiat U.S. dollars or gold The Nikkei Asian Review reported a global financial bombshell on September 1, 2017. “China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into…
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One way to look at central bank normalization is to envision optimum monetary and fiscal policy and work backward to what is actually possible. Optimum policy is the magic formula of stable money and low taxes. Stable money and low…
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According to a study of 775 fiat currencies by Michael Hewitt, the average shelf life of a fiat currency is 27 years. The fiat dollar is at the 46 year point. It has long passed its value freshness date and is ready…
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Understanding Gold 7 The Ratio of Two Ratios The unique properties of gold combined with how the Fed operates determines the dollar price of gold (POG). Similarly, other central banks’ monetary management determines the POG in their currency. Because gold…
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A Brief Supply-Side History The supply-side revolution originated from the economic policy insights of Robert Mundell and Arthur Laffer. Their solution for the 70s stagflation and economic malaise was the dual policy prescription of a return to a stable dollar…
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The Trump presidency arrives at a time coincident with a unique monetary opportunity. The dollar price of gold (POG) at $1200 is at or near the equilibrium point where creditors and debtors are in balance. What this means is that…
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