The supply of gold is governed by nature; it is not, like the supply of paper money, subject merely to the schemes of demagogues or the whims of politicians. Nobody ever thinks he has quite enough money. Once the idea is accepted that money is something whose supply is determined simply by the printing press, it becomes impossible for the politicians in power to resist the constant demands for further inflation. Gold may not be a theoretically perfect basis for money; but it has the merit of making the money supply, and therefore the value of the monetary unit, independent of governmental manipulation and political pressure.
July 28, 2020 Donald Augusto Trump
I find it fascinating to watch the rightwing, conservative mindset unfold in response to what is occurring in Portland because it reminds me so much of the same rightwing, conservative mindset with respect to Chile in the 1970s. In 1970, the Chilean people elected an extreme radical to be their president. His name was Salvador Allende. He wasn’t a member of ...
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by Richard M. Ebeling
In March 2020, America was put on a “war footing,” according to the president of the United States and other governmental officials. The enemy ...
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What will be the effect of another round of trillions of dollars of free money that the ...
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Democrats didn’t much care for presidents Ronald Reagan, George H.W. Bush, or George W. Bush — mainly because they were Republican presidents. Just as ...
