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June 16, 2021

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They Don't Hate Gold Because It's Gold. They Hate It Because It's Not Government Money. ([link removed])
By Ludwig von Mises
That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual and governmental assaults.

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Scott Sumner on Why the Bernanke Fed Was Too Tight ([link removed])
By Robert P. Murphy
Scott Sumner explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better.

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