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Tag Archives: gold
Gold Standard, Not God Standard
An increase in gold specie can cause a business cycle. Continue reading
Crackpot Paulites
Ron Paul is a crank for supporting the gold standard. Continue reading
The Tragedy of Spanish Government
The history of Spain is one beset by human tragedy. At first glance, the economic heritage of Spain seems cyclical, with periods of wealth and power followed by long epochs of poverty. Upon closer inspection, however, it becomes evident that even the years of wealth were at best illusionary. Continue reading
Spanish Economic History
Recently purchased three books dealing with the economics of the Spanish Empire, in preparation for an article. Continue reading
Thoughts on Fractional-Reserve Banking
One of the most heated topics within the school of Austrian Economics is whether or not fractional-reserve banking would or should exist in a free market. There are considerable arguments put forth in support of either opinion by various scholars, but ultimately it seems as if fractional-reserve banking does not pass the test. Continue reading
Gold and Economic Freedom
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense—perhaps more clearly and subtly than many consistent defenders of laissez-faire—that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. Continue reading