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(This item originally appeared at Forbes.com on November 15, 2024.) President Wilson enacted the Federal

(This item originally appeared at Forbes.com on October 16, 2024.) Presidential Candidate Donald Trump recently

(This item originally appeared at Forbes.com on October 8, 2024.) The Great Depression got started

There are wealthy people, and very wealthy people, and people who have so much money

Today we have a well-known documentary by Bill Still. Still wants to get us out

Hillsdale College now has a Laffer Center. Maybe Art Laffer himself endowed it. This is

Economists today are very concerned about the “neutral rate of interest.” But, at the same

(This item appeared at Forbes.com on May 21, 2024.) The idea of “Sound Money” —

Several people recommended to me Mike Maloney’s Hidden Secrets of Money documentary. I haven’t watched

This item is titled “Japan 2023” because I wrote it in August 2023 for my

The USD/JPY rate had an important technical breakdown recently, breaking the 150/USD level that had

We saw, in The Magic Formula (now in FREE pdf form), that China didn’t start

(This item originally appeared at Forbes.com on April 9, 2024.) This month, the Central Bank

In most countries, including Japan and, I think, most of Europe, payroll taxes are specifically

My 2019 book The Magic Formula is now available in free .pdf form. Read The

After about eight years of focused reading, mostly the Harvard Classics but a lot more

(This item originally appeared at Forbes.com on December 31, 2023.) In recent weeks, it has

Now that Javier Milei won an important election in Argentina, let’s see what his options

This poem by Rudyard Kipling was first published in 1919. It has its own page

Here at Heritage, we have an article: “Inflation: Who’s Really At Fault?“ Since Heritage basically

“This is why we wrote a book about inflation” has become a bit of a

The ambitious high-schooler should aim to read about thirty to fifty good novels. I did.

There is apparently some debate about whether Argentina can “dollarize” given its present foreign exchange

(This item originally appeared at Forbes.com on November 7, 2023.) This has been a great

Last week, I participated in the Hillsdale College Free Market Forum, a gathering of talents

(This item originally appeared at Forbes.com on October 6, 2023.) In 1860, the Pony Express

We’re looking into Gold, The Real Bills Doctrine, and the Fed: Sources of Monetary Disorder

We’re looking into Gold, The Real Bills Doctrine, and the Fed: Sources of Monetary Disorder

We’re looking into Gold, The Real Bills Doctrine, and the Fed: Sources of Monetary Disorder

Is this book for real? It smells to me like propaganda — an intentional confusion

I wanted to spend a little more time with Classical Economic Theory and the Modern

Lawrence White has been one of the very few academics I can name who has

The League of Nations produced excellent international economic statistics for the 1920s and 1930s. They

Classical Economic Theory and the Modern Economy (2020), by Steven Kates, kept coming up in

(This item originally appeared at Forbes.com on June 9, 2023.) There never has been a

Somewhat unexpectedly, I’ve been doing a lot of talking about “commodity basket”-type monetary proposals. The

(This item originally appeared at Forbes.com on May 20, 2023.) Gold is mined from the

In Search of a Monetary Constitution (1962) is a collection of papers that summarized some

(This item originally appeared at Forbes.com on May 5, 2023.) Recently, I kicked sand in

(This item originally appeared at Forbes.com on May 4, 2023.) “To advocate the complete, uninhibited

(This item originally appeared in the New York Sun on May 3, 2023.) With the

(This item originally appeared at Forbes.com on March 29, 2023.) Recently, I argued that the

(This item originally appeared at Forbes.com on March 28, 2023.) I was interviewed recently by

“Ukraine” is basically Russia, and has been for centuries. “Russia” originated around the capital city

(This item originally appeared at Forbes.com on February 8, 2023.) In 1958, economist William Phillips

Today, we have the entirety of Part II, Book V, Chapter V of The Brothers

In 2022, I finished the Harvard Classics, a six-year project. I originally undertook this as

(This item appeared at Forbes.com on January 8, 2023.) For most of US history —

I wanted to say something useful about the problems of Monetarism. We get a lot

Today, we have some “book notes” on the book Less than Zero (1997), by George

(This item originally appeared at Forbes.com on December 14, 2022.) Even though most adults today

A friend asked me to comment on Leland Yeager’s introduction to The Gold Standard: An

(This item originally appeared at Forbes.com on November 4, 2022.) In the past couple years,

This year, I reread Richard Salsman’s 1995 book Gold and Liberty, as a counterpoint to

(This item appeared at Forbes.com on September 25, 2022.) James Turk has long been a

(This item originally appeared at Forbes.com on September 17, 2022.) Over the past year, there

I was honored to be asked to say a few words at the Newport Global

I did a nice interview with David Lin of Kitco. Watch interview with David Lin

Of the various “monetary aggregates” (at one point, I think over thirteen were identified), “M2”

(This item originally appeared at Forbes.com on July 27, 2022.) In our new book Inflation, we

I’ve been doing a lot of interviews recently, for both radio and podcasts, about our

(This item appeared at Forbes.com on July 10, 2022.) Today, there is a spreading awareness

Back in 2019, gold stablecoins existed, but they were barely viable with sub-$10 million market

(This item ran at The Federalist, on April 19, 2022.) The U.S. consumer price index

We’ve been doing some events related to our new book, Inflation. We did a “virtual

I heard that the IMF banned its members from basing their currencies on gold. In

(This item appeared in American Greatness, on May 13, 2022.) By far, the best way

We continue with The Gold Standard: Retrospect and Prospect, with Chapter 9, “International Monies: The

We now come to Chapter 7 of The Gold Standard, Retrospect and Prospect, which is

Chapter 6 in The Gold Standard: Retrospect and Prospect is a paper by Lawrence White,

We continue with The Gold Standard: Retrospect and Prospect. Chapter 5 is a paper entitled

Now we move on to the third paper in The Gold Standard, Retrospect and Prospect,

In 2021, a substantial new book on the gold standard was released: The Gold Standard:

Recently, we took a look at the Central Bank of Turkey’s balance sheet, to get

Turkey has been in the news recently due to the collapsing exchange value of the

During 2021, I continued with the Harvard Classics and a survey of major European novels.

(This item originally appeared at Forbes.com on December 20, 2021.) The historical record is clear:

(This item originally appeared at AIER.org on November 23, 2021.) As a member of the

(This item originally appeared at Forbes.com on October 1, 2021.) For a long time, people

(This item originally appeared at Forbes.com on September 15, 2021.) The original Federal government of

I have been arguing that a decline in population (“demographic collapse”) need not be a

There’s a certain amount of hand-wringing these days about “demographic collapse,” or, declining population due

(This item originally appeared at Forbes.com on August 3, 2021.) Before beginning The Deficit Myth: Modern

(This item originally appeared at Forbes.com on June 24, 2021.) Over the years, we’ve learned

Since we have been talking about “inflation” a lot recently, I thought I would bring

A reader sent in a useful list of organizations that actively promote “Sound Money,” (that

We’re continuing with the idea of “targeting interest rates,” something that it seems central banks

People may be surprised to find that the Federal Reserve’s target for the “Federal Funds

The May issue of The Polaris Letter is out. For now, it is still free,

(This item originally appeared at Forbes.com on April 25, 2021.) Treasury Secretary Janet Yellen presides

I’ve said in the past that “tax technology” is actually quite new. Most of the

Click here to read: “Gold Would Serve Into the 21st Century”

“Following is a verbatim article published in the Wall Street Journal on September 1, 1981.

Robert Mundell, one of the more prominent economists of the last fifty years, died recently,

Many people have asked me about my thoughts on the present situation, from the standpoint

I wasn’t going to put up my reading list for 2020, since it is a

We have been talking about E. C. Harwood‘s views of the Great Depression. These were

At some point, I will actually talk about E. C. Harwood’s writings, but before then,

In the past, I did a review of various “interpretations” of the Great Depression. I

From the beginning of industrialization, in the late 18th century, people have complained that “automation”

Let’s get an idea of the history of U.S. immigration, as this is a core

(This item originally appeared at Forbes.com on December 30, 2020.) Recently, there has been talk

Here are some charts made from data from the book This Time Is Different (2009),

(This item originally appeared at Forbes.com on December 8, 2020.) For now, every perceived ill

Here are some of the great commentaries on education, over the centuries — all of

(This item originally appeared at Forbes.com on November 17, 2020.) “Never go full retard” is

Recently, I’ve been thinking about the similarities between Bitcoin, and a can of shit. Bitcoin

I have been reading Turroni a little bit. I’ve had this for a long time,

Recently, I have been getting a number of inquiries about hyperinflation in Germany in the

(This item originally appeared at Forbes.com on August 31, 2020.) I have written a couple

(This item originally appeared at Forbes.com on August 31, 2020.) Today, there is a lot

Today we are updating our information about the Bank of Japan and commercial banks’ balance

(This item originally appeared at Forbes.com on August 7, 2020.) Today, people have the impression

(This item originally appeared at Forbes.com on July 29, 2020.) Soon, the Senate will vote

(This item originally appeared at Forbes.com on July 10, 2020.) There’s nothing new about “modern

(This item originally appeared at Forbes.com on June 26, 2020.) Listing the changes you would

(This item originally appeared at Forbes.com on June 16, 2000.) Taxes, we are told, have

(This item originally appeared at Forbes.com on May 28, 2020.) Now that the House has

(This item originally appeared at Forbes.com on May 14, 2020.) U.S. GDP was down -4.8%

Today, we will leave our interests in higher education aside, and address common outcomes when

(This item originally appeared at Forbes.com on April 24, 2020.) For many years, many people

(This item originally appeared at Forbes.com on March 27, 2020.) For most of the 182

There are a lot of children home from school now, and many parents who have

(This item originally appeared at Forbes.com on March 9, 2020.) With markets and economies in

(This item originally appeared at Forbes.com on February 25, 2020.) When the gold standard —

(This item originally appeared at Forbes.com on February 13, 2020.) Judy Shelton, a very good

I was engaged with a debate with George Selgin of the Cato Institute, who is

Most people like lower taxes; the problem, potentially, is lower revenue. This is true on

I thought that I would take some time to evaluate the effects of the Tax

(This item originally appeared at Forbes.com on January 15, 2020.) It seems to me that

Today, we have an (abbreviated) list of books I read in 2019. Some years ago,

Among the better expressions of gold standard principles in our time, is Gold and Liberty,

This 1983 paper, from Alan Reynolds, was a very fine expression of basic gold standard

(This item originally appeared at Forbes.com on December 6, 2019.) “Please God, make me good

Today, we have a section by Edmund Burke, from Reflections on the Revolution in France, from

In the beginning … man mined gold and made it into standardized ingots for what

(This item originally appeared at Forbes.com on September 10, 2019.) The current U.S. healthcare system

(This item originally appeared at Forbes.com on August 28, 2019.) Anyone who has followed my work knows

(This item originally appeared at Forbes.com on August 8, 2019.) Humans have centuries of experience with

(This item originally appeared at Forbes.com on July 29, 2019.) I came to a funny

(This item originally appeared at Forbes.com on July 26, 2019.) The United States abided by

(This item originally appeared at Forbes.com on July 13, 2019.) Most people seem to find

(This item originally appeared at Forbes.com on July 10, 2019.) Naturally, I am thrilled that

Today I have a paper that I wrote mostly for our friends that are involved

(This item originally appeared at Forbes.com on June 18, 2019.) “Speaking truth to power” is

(This item originally appeared at Forbes.com on May 30, 2019.) President Donald Trump is clearly

(This item originally appeared at Forbes.com on May 28, 2019.) “Don’t tax you, don’t tax

(This item originally appeared at Forbes.com on May 22, 2019.) Whenever the economy gets up

Today we are looking at The Gold Standard: An Austrian Perspective, edited by Llewellyn Rockwell

(This item originally appeared at Forbes.com on May 17, 2019.) Money based on gold —

(This item originally appeared at Forbes.com on May 9, 2019.) I think the time is

(This item originally appeared at Forbes.com on May 3, 2019.) Venezuela — what a mess!

(This item originally appeared at Forbes.com on May 3, 2019.) Recently, people have been asking

(This item originally appeared at Forbes.com on April 26, 2019.) For a long time, I’ve

(This item appeared at TownHall on April 15, 2019.) President Trump has nominated Heritage Foundation

(This item originally appeared at Forbes.com on April 15, 2019.) Oh, the shrieking! The media

(This item originally appeared at The Stream on April 5, 2019.) Economics is easy. You

(This item originally appeared at Forbes.com on April 1, 2019.) Economics is easy. You just

My fourth book, The Magic Formula, is now available in print and eBook formats. (Note

(This item originally appeared at Forbes.com on March 16, 2019.) As we continue to enjoy

(This item originally appeared at Forbes.com on February 21, 2019.) “Modern Monetary Theory” basically posits

(This item originally appeared at Forbes.com on February 4, 2019.) The idea of income tax

(This item originally appeared at Forbes.com on January 25, 2019.) “Stable Money” is one of

(This item originally appeared at Forbes.com on December 17, 2018.) What is a financial system

Today, I thought I would say something about Britain’s return to the gold standard at

(This item originally appeared at Forbes.com on December 1, 2018.) For decades, we’ve heard this

This week we will look at Net Gold Exports of major countries, 1913 to 1937.

(This item originally appeared at Forbes.com on November 16, 2018.) Officially, the gold standard is

This is another excerpt from my upcoming book, The Magic Formula. It describes, rather briefly,

The Growth Experiment Revisited (2013), by Larry Lindsey, was the last book on the “supply

(This item originally appeared at Forbes.com on October 20, 2018.) Today, the idea of relinking

A friend recommended that I look at a 2005 study of tax reform options, the

I decided that it was time to give the FairTax a fair hearing. The FairTax

(This item originally appeared at Forbes.com on September 26, 2018.) “It was the best of

This is another section from my upcoming book, The Magic Formula.     The Spanish

(This item originally appeared at Forbes.com on September 6, 2018.) We seem to be entering

I’ve been talking about some thoughts that have arisen in the process of reading what

I’ve been working on a new book, The Magic Formula, which I hope will be

Today, we have two main “tax reform” proposals: the Flat Tax, as suggested by Steve

I’ve been reviewing some of what has been said about taxes over the years. This

(This item originally appeared at Forbes.com on July 20, 2018.)   Whenever the economy has

Today I thought I would make a list of core readings with a “supply side”

(This item originally appeared at Forbes.com on June 25, 2018.)   Turkey is in the

“Has the Fed Been a Failure?” is Chapter 8 of Money Free and Unfree (2017),

I thought I’d continue with “The Rise and Fall of the Gold Standard in the

(This item originally appeared at Forbes.com on June 13, 2018.) Argentina recently agreed to borrow

“The Rise and Fall of the Gold Standard in the United States” is Chapter 7

(This item originally appeared at Forbes.com on June 1, 2018.) https://www.forbes.com/sites/nathanlewis/2018/06/01/five-gold-standard-notions-that-just-arent-true/?utm_source=followingimmediate&utm_medium=email&utm_campaign=20180601#5580671846f7   So much trash

Here’s something you don’t see every day: the Bank of Japan’s balance sheet 1928-1933, a

My book Gold: the Once and Future Money (2007) was published in South Korea, where

It’s time again to catch up on the current state of craziness in Japan, and

I thought that I would address some technical topics that come up from time to

(This item originally appeared at Forbes.com on May 10, 2018.) https://www.forbes.com/sites/nathanlewis/2018/05/10/an-additional-1-of-gdp-growth-per-year-changes-the-game-completely/#7f24141532c0   It’s funny how,

Today we will take a look at what’s been happening to the ECB’s balance sheet.

(This item originally appeared at Forbes.com on April 12, 2018.) https://www.forbes.com/sites/nathanlewis/2018/04/12/if-you-like-the-euro-you-should-love-the-gold-standard/#497b7ad32820   “If you like

(This item originally appeared at Forbes.com on April 6, 2018.) https://www.forbes.com/sites/nathanlewis/2018/04/06/after-34-years-we-again-have-a-bill-to-relink-the-dollar-to-gold/#4c768f7e64a7   The value of

(This item originally appeared at Forbes.com on April 2, 2018.) https://www.forbes.com/sites/nathanlewis/2018/04/02/did-we-just-enjoy-the-yellen-gold-standard/#38a188e523fa   On February 3,

(This item originally appeared at Forbes.com on March 20, 2018.) https://www.forbes.com/sites/nathanlewis/2018/03/20/charles-adams-explains-why-we-need-trumps-phase-2/#34834ecf524c   Donald Trump recently

I thought I would add a little commentary to this item from Bullionstar: Should We

(This item originally appeared at Forbes.com on March 3, 2018.) https://www.forbes.com/sites/nathanlewis/2018/03/02/wheres-the-magic-formula/#3a4e6da97a01   For some time,

Today, we are doing a little more work regarding the Interwar Period, which was a

Here is a bit of new data, regarding the floating pound during the Napoleonic Wars

(This item originally appeared at Forbes.com on February 9, 2018.) https://www.forbes.com/sites/nathanlewis/2018/02/09/rules-based-monetary-proposals-wont-create-stable-money/#4b822c96128e I often say that

I’ve been continuing my catch-up on the state of all things taxation with An Inquiry

(This item originally appeared at Forbes.com on January 26, 2018.) https://www.forbes.com/sites/nathanlewis/2018/01/26/bulgarias-journey-to-a-10-corporate-tax-rate/#12d34a185d50   The principle of

On the recommendation of a friend, I decided to read Toward Fundamental Tax Reform (2005),

(This item originally appeared at Forbes.com on January 4, 2018.) https://www.forbes.com/sites/nathanlewis/2018/01/04/t-r-reid-explains-why-democrats-should-get-on-board-the-great-tax-reform-of-2018/#24b65f3c1091 I knew the Washington

I thought I would like to do a little work on the theme of the

(This item originally appeared at Forbes.com on December 18, 2019.) https://www.forbes.com/sites/nathanlewis/2017/12/18/start-planning-the-tax-reform-of-2019/#38e70d7349b5 The Tax Cuts and

You can tell from the title of this book alone that I would be interested

Matthew Mitchell and Peter Boettke are academic economists at the Mercatus Center, a think tank

(This item originally appeared at Forbes.com on December 7, 2017.) https://www.forbes.com/sites/nathanlewis/2017/12/07/what-is-the-fundamental-value-of-bitcoin/#6effe03f545a   What is the

(This item originally appeared at Forbes.com on November 29, 2017.) https://www.forbes.com/sites/nathanlewis/2017/11/29/its-the-economy-stupid-time-to-get-tax-reform-done/#3129662d404d   As we get

(This item originally appeared at Forbes.com on November 15, 2017.) https://www.forbes.com/sites/nathanlewis/2017/11/15/why-base-your-money-on-gold-a-simple-answer-for-first-timers/#3d12bcb83da1   The United States

Today, we are looking at the total return of stocks, bonds and gold, from 1871

(This item originally appeared at Forbes.com on November 3, 2017.) https://www.forbes.com/sites/nathanlewis/2017/11/03/gop-lift-your-head-from-the-tax-scrum-and-see-the-big-picture/#7002573158e3   The Republicans’ tax

(This item originally appeared at Forbes.com on October 26, 2017.) https://www.forbes.com/sites/nathanlewis/2017/10/26/james-ledbetter-wants-to-convince-you-that-gold-is-folly-superstition-and-madness/#2d1a786f5785     The purpose

We’ve been looking into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017:

We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter. October 2,

(This item originally appeared at Forbes.com on October 5, 2017.) https://www.forbes.com/sites/nathanlewis/2017/10/05/the-gops-tax-framework-looks-good-lets-do-it/#509e95f5784a     The Republican

One Nation Under Gold (2017), by James Ledbetter, is, pretty much, a gold-bashing exercise. I

(This item originally appeared at Forbes.com on September 26, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/26/britains-path-to-a-19-corporate-tax-rate/#2812c344772e   If the U.S.

(This item originally appeared at Forbes.com on September 14, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/14/real-world-examples-of-more-revenue-with-a-15-corporate-tax-rate/#3619e6cf4d15   One of the

Here are Allan Meltzer and Alan Reynolds, arguing for Monetarism and the gold standard, in

(This item originally appeared at Forbes.com on September 7, 2017.) https://www.forbes.com/sites/nathanlewis/2017/09/07/a-15-corporate-tax-would-have-a-lot-of-upside-without-much-risk   I recently argued

(This item originally appeared at Forbes.com on August 29, 2017.) https://www.forbes.com/sites/nathanlewis/2017/08/29/why-did-trump-pardon-arizona-sheriff-joe-arpaio/   I couldn’t find

Today, we will re-summarize our work on the Interwar Period. October 2, 2016: The Interwar

(This item originally appeared at Forbes.com on August 24, 2017.) http://www.forbes.com/sites/nathanlewis/2017/08/24/want-to-double-c…t-the-rate-to-15/ The U.S. tax code

We’ve been talking about The Midas Paradox (2015), by Scott Sumner. July 23, 2017: The

We’ve been talking about The Midas Paradox (2015), by Scott Sumner. July 23, 2017: The

(This item originally appeared at Forbes.com on August 8, 2017.) https://www.forbes.com/sites/nathanlewis/2017/08/08/why-we-should-cut-the-corporate-tax-to-15-now/#10bfe87479ba The U.S. government hasn’t

We’ve been talking about The Midas Paradox (2015), by Scott Sumner. July 23, 2017: The

We have been talking about The Midas Paradox (2015), by Scott Sumner. July 23, 2017:

(This item originally appeared at Forbes.com on July 26, 2017.) https://www.forbes.com/sites/nathanlewis/2017/07/26/would-free-trade-be-ok-if-the-u-s-had-a-trade-surplus/#4a5b8a9b5852   There is a

We have spent a lot of time over the past two years looking into various

Today, we will continue our discussion of the “gold sterilization” of 1937. June 18, 2017:

(This item originally appeared at Forbes.com on June 30, 2017.) http://www.forbes.com/sites/nathanlewis/2017/06/30/gold-or-bitcoin-gold-and-bitcoin/   “Gold or Bitcoin?”

As part of our continuing investigations into the Interwar Period, we’ve been looking at a

Today, we will start investigating the U.S. recession of 1937, and along with that, claims

(This item originally appeared at Forbes.com on June 14, 2017.) https://www.forbes.com/sites/nathanlewis/2017/06/14/dont-fear-the-robots-fear-low-savings-and-investment/#12c4f1e32f79   Ever since the

Naturally, you have noticed that I am offering what amounts to an alternative to the

Gold: the Final Standard (2017), my third book about monetary topics, is now available in

(This item originally appeared at Forbes.com on May 30, 2017.) https://www.forbes.com/sites/nathanlewis/2017/05/30/the-one-thing-the-left-and-right-agree-on-leave-me-alone/#4ee865f27bdb   There isn’t much

We’ve been talking about the Federal Reserve’s 1932 bond-buying experiment. May 21, 2017: The Fed’s

Today we will be looking a little more closely at the Federal Reserve’s bond-buying experiment

I sure have been talking about monetary topics exclusively for a long time now. It

(This item originally appeared at Forbes.com on May 2, 2017.) https://www.forbes.com/sites/nathanlewis/2017/05/02/our-three-monetary-futures-havent-changed-much-since-1944/#196349062e5d   One of the

Many young people and their parents, surveying the landscape of U.S. higher education today, have substantial

(This item originally appeared at Forbes.com on April 18, 2017.) https://www.forbes.com/sites/nathanlewis/2017/04/18/what-is-a-legal-tender-law-and-is-it-a-problem/#6ac67ec625da   What is a

There aren’t a lot of good books about the gold standard — the monetary system

(This item originally appeared at Forbes.com on April 6, 2017.) https://www.forbes.com/sites/nathanlewis/2017/04/06/what-are-our-stable-money-alternatives/#2b44579271d9     Let’s say

Today, we have an interesting paper by James Kimball, who looked at sixty-five economics textbooks

We’ve been looking into the fact that commodity prices have fallen a lot vs. gold

If we are going to use gold as a standard of value in the future,

(This item originally appeared at Forbes.com on March 17, 2017.) http://www.forbes.com/sites/nathanlewis/2017/03/17/is-a-strong-dollar-good-or-bad/   Recently, Harvard economist

(This item originally appeared at Forbes.com on March 8, 2017.) http://www.forbes.com/sites/nathanlewis/2017/03/08/limited-convertibility-something-new-for-a-21st-century-gold-standard/ The idea of a

Many currencies were linked to gold during the Classical Gold Standard era, 1850-1914. But, not

People talk a lot about the “Classical Gold Standard,” but hardly anyone knows anything about

(This item originally appeared at Forbes.com on February 23, 2017.) http://www.forbes.com/sites/nathanlewis/2017/02/23/james-grant-expl…p-of-good-policy/ James Grant’s The Forgotten

A lot of confusion stems from the differences between “prices” (or “purchasing power”) and value.

Today we have an expanded look at the silver:gold ratio, from 1500 to 2011. This

Recently, I’ve been doing a fair amount of historical research, and the similarities struck me

We were chatting about The Triumph of Gold (1952), by Charles Rist. January 8, 2017:

Today, I’m updating our story regarding the evolution of things in Japan. This is a

(This item originally appeared at Forbes.com on January 20, 2017.) http://www.forbes.com/sites/nathanlewis/2017/01/20/the-problems-of-free-trade-more-than-you-bargained-for/ It seems like we

Charles Rist (1874-1955) was a deputy governor of the Bank of France, and said to

(This item originally appeared at Forbes.com on January 5, 2017.) http://www.forbes.com/sites/nathanlewis/2017/01/05/the-problem-with-free-trade-too-much-labor-not-enough-capital/#1df8e3bd154a An underappreciated idea in

(This item originally appeared at Forbes.com on December 7, 2016.) http://www.forbes.com/sites/nathanlewis/2016/12/07/the-gold-standard-vs-the-phd-standard/#e1e70eef6b4b Jim Grant, the bow-tied

(This item originally appeared at Forbes.com on December 1, 2016.) http://www.forbes.com/sites/nathanlewis/2016/12/01/jack-kemps-gold-standard-act-of-1984-shows-us-how-its-done/#309802073fc4 A few years ago,

I’ve been talking about what I see to be a great error that began in

(This item originally appeared at Forbes.com on November 24, 2016.) http://www.forbes.com/sites/nathanlewis/2016/11/24/the-best-monetary-move-trump-could-make-in-his-first-100-days/#13b8f7972257   The best legislative

(This item originally appeared at Forbes.com on November 18, 2016.) http://www.forbes.com/sites/nathanlewis/2016/11/18/jfk-vs-nixon-gold-vs-ngdp-targeting/#671a1f4e3538   “Gold vs. nominal

We’re continuing our look into the various notions that Robert Mundell brought up in his

(This item originally appeared at Forbes.com on November 9, 2016.) http://www.forbes.com/sites/nathanlewis/2016/11/09/how-did-trump-win-just-look-at-his-policy/2/#47f9906515ee Donald Trump — the

(This item originally appeared at Forbes.com on November 7, 2016.) A rocket scientist – he

Today we will look at Robert Mundell’s interpretation of the Interwar Period, 1914-1944. October 30,

We’ve been looking at various “interpretations” of the Interwar Period, which of course focuses on

We’ve been looking at the history of “nonmonetary interpretations of the Great Depression” — the

(This item originally appeared at Forbes.com on October 21, 2016.) http://www.forbes.com/sites/nathanlewis/2016/10/21/the-secret-history-of-american-prosperity-needs-to-become-a-lot-less-secret/#75d3721c2083 Larry Kudlow and Brian

Today, I want to give a little more support to the idea that monetary interpretations

(This item originally appeared at Forbes.com on October 6, 2016.) http://www.forbes.com/sites/nathanlewis/2016/10/06/team-gold-needs-to-get-over-the-great-depression/print/ I said once that

All through this year, we’ve been exploring various things that have been said about the

(This item originally appeared at Forbes.com on September 29, 2016.) http://www.forbes.com/sites/nathanlewis/2016/09/29/gold-is-money-because-it-is-plentiful-not-because-it-is-scarce/print/ Gold, and its brother

We’ve been looking into the idea that there was some kind of sudden and very

(This item originally appeared at Forbes.com on September 22, 2016.) http://www.forbes.com/sites/nathanlewis/2016/09/22/why-fiat-money-manipulation-can-never-produce-prosperity/#33f3a5941f4a The study of economics

We’ve been looking at the idea that there was some kind of giant rise —

Finally, we come to the last of what I find are the primary theories of

We have been talking about the term “sterilization,” and various situations to which it is

(This item originally appeared at Forbes.com on September 1, 2016.) http://www.forbes.com/sites/nathanlewis/2016/09/01/are-the-gold-guys-ready-for-prime-time/#3a4e52377cc4 For now, everybody is

The word “sterilization” is one of those economic terms — like “inflation,” “deflation,” the “balance

(This item originally appeared at Forbes.com on August 11, 2016.) http://www.forbes.com/sites/nathanlewis/2016/08/11/the-gigantic-importance-of-supply-side-economics/#22167f6515eb I wish we had

We’ve been talking about the notion that France had something to do with the Great

We’re continuing our discussion of France in the 1920s and 1930s, and the France-blamers. July

(This item originally appeared at Forbes.com on July 29, 2016.) http://www.forbes.com/sites/nathanlewis/2016/07/29/dont-be-fooled-stable-money-means-gold/#6f6cc06875b2 “Stable money” means money

This year, I’ve been talking a bit about various interpretations of the Great Depression. There

Recently, we’ve been taking a look at the “price-specie flow mechanism”, a rather stupid notion

For a long time, I’ve thought that economic thought took a turn for the worse

(This item originally appeared on July 8, 2016 at Forbes.com) http://www.forbes.com/sites/nathanlewis/2016/07/08/the-15-of-gdp-solution/#443e289051c6 “The problem with the

Today is the day to reread the Declaration of Independence. Here is an interesting little

(This item originally appeared at Forbes.com on June 30, 2016.) http://www.forbes.com/sites/nathanlewis/2016/06/30/the-nonexistent-social-costs-of-a-gold-standard-system/#2dd2f5db12f0 One of the odd

We commonly hear that the world gold standard of the 1920s, reconstructed after World War

Colgate University is a top tier liberal arts college that’s near me. I often use

(This item originally appeared at Forbes.com on June 16, 2016.) http://www.forbes.com/sites/nathanlewis/2016/06/16/a-cashless-society-based-on-gold/#48a28d5c4fd8 A gold standard system

I’ve been setting up a discussion of Milton Friedman’s version of the 1920s and 1930s,

Recently, I’ve been thinking about the credit contraction of the early 1930s. This generally gets

(This item originally appeared at Forbes.com on June 2, 2016.) http://www.forbes.com/sites/nathanlewis/2016/06/02/a-flat-tax-and-a-fair-tax-together/#7b825c835eb0 For a number of

In a time when it seems like central banks call the tune that everyone has

Today, we are making use of a new weekly dataset just released by the Bank

We’ve been looking at the Great Depression period, with an eye toward credit. April 3,

(This item originally appeared at Forbes.com on May 5, 2016.) http://www.forbes.com/sites/nathanlewis/2016/05/05/china-is-laying-the-foundation-for-the-next-world-gold-standard-system/#418c41091803   On April 19,

Today, we have a speech by the Chairman of the Federal Reserve, William McChesney Martin,

(This item originally appeared at Forbes.com on April 9, 2016.) http://www.forbes.com/sites/nathanlewis/2016/04/09/george-gilder-takes-on-the-big-question-what-is-so-great-about-stable-money/#1b7081ad20fe George Gilder’s new book

We’re continuing our look at some of the things that have been said about the

(This item originally appeared at Forbes.com on March 24, 2016.) http://www.forbes.com/sites/nathanlewis/2016/03/24/the-simple-simplistic-simplicity-of-nominal-gdp-targeting/#5a5f8b3e5a44 It really makes some

I’ve been revving up to talk about the “price-specie flow mechanism,” which is often ascribed

(This item originally appeared at Forbes.com on March 3, 2016.) http://www.forbes.com/sites/nathanlewis/2016/03/03/the-myth-of-price-instability-during-the-gold-standard-era/#c6cb9b040b90 Academics often claim that

(This item originally appeared at Forbes.com on February 25, 2016.) http://www.forbes.com/sites/nathanlewis/2016/02/25/the-one-chart-that-makes-people-into-gold-standard-believers/#bfbd490e23c1 There’s one chart that

Now that we’ve been bashing the Mercantilist notion that Britain could have a “shortage of

(This item originally appeared at Forbes.com on February 9, 2016.) http://www.forbes.com/sites/nathanlewis/2016/02/09/why-so-many-historians-agree-with-ted-cruz/#438b96e22e3a Echoing the recent sentiments

We’ve been taking a little look at Murray Rothbard’s influential 1962 book, America’s Great Depression.

Here’s something I’ve been meaning to get to for a long time. Let’s look at

(Note: This was originally written as a Forbes.com item, but it soon got too big

(This item originally appeared at Forbes.com on January 21, 2016.) http://www.forbes.com/sites/nathanlewis/2016/01/21/nominal-gdp-targeting-is-just-another-red-herring-to-divide-conservative-monetary-consensus/#1dcd5c7f1c3e In U.S. history, various

Today, we will look at a famous essay by David Hume, “On the Balance of

(This item originally appeared at Forbes.com on January 11, 2016.) http://www.forbes.com/sites/nathanlewis/2016/01/11/steve-forbes-shows-the-way-out-of-governments-spiral-of-self-destruction/ “Thank goodness for Steve

The History of “Gold” Is Really the History of the Gold/Silver Complex December 26, 2015

Money and Credit 2: Credit December 13, 2015 “Money and credit” have tended to be

40 Out Of 40 Economists Agree: The Monetary System That Made America Great Is Nonsense

Let’s Meet The (Wildly Diverse) Gold Standard Family December 3, 2015 (This item originally appeared

Let’s Resolve the Gold Standard “Deflation” Fallacy November 21, 2015 (This item originally appeared at

Greg Ip Gets It Wrong: What A Gold Standard Really Was, And Could Be November

Money and Credit #1: Money November 8, 2015 I wanted to address some notions that

Intellectual Support For Gold-Based Money Is Now Leading To Political Support November 5, 2015 (This

Russia’s Central Bank Might Be Getting A Clue After All October 23, 2015 (This item

Politics Vs. Reality In Monetary Reform October 1, 2015 (This item originally appeared at Forbes.com

Sovereign Defaults and Restructurings September 28, 2015 Sovereign default and restructuring (of debt) looks like

The U.S. Embraced A Gold Standard For 182 Years, So Why Is It ‘Impossible’ Today?

Three Things About The Gold Standard That Everyone Should Know August 21, 2015. (This item

Can A Government Finance Itself Simply By Issuing Money? July 31, 2015 (This item originally

Greece Is On The Brink of Disaster — Or Raging Success July 12, 2015 (This

Greece: Planning the Bank Holiday June 25, 2015 (This item originally appeared at Forbes.com on

George Gilder Joins Team Gold And Explains Where Friedman Went Wrong June 20, 2015 (This

The Bank of England, 1696-1914 June 7, 2015 In the past, we looked at the

Greece: It’s Time For Your Default And Debt Restructuring June 5, 2015 (This item originally

Greece’s 1-2-3 Plan For Default And Amazing Recovery May 28, 2015 (This item originally appeared

Some Facts About U.S. State and Local Tax History May 3, 2015 We saw last

I haven’t really looked into any tax issues since about 2010, when I was doing

Book Review: ‘Popular Economics’ Lays Out The Principles Of Success While Talking Basketball April 17,

The Greek Government’s Revenue Would Rise — Immediately — After Tax Reform April 3, 2015

Greece Needs the Magic Formula to Become the Wealthiest Country in the Eurozone March 26,

Greece Could Rise To Greatness, Or Become The Next Venezuela March 19, 2015 (This item

Greece’s Syriza Could Launch a Libertarian Revolution March 12, 2015 (This item originally appeared at

Greece’s Monetary Options February 26, 2015 (This item originally appeared at Forbes.com on February 26,

$15,000 Gold And The Madness Of Murray Rothbard February 13, 2015 (This item originally appeared

Let’s Look at the ECB’s Balance Sheet February 1, 2015 With the long-awaited kickoff of

When Even the Fed Is Confused About Gold, We Still Have Some Work To Do

“Helicopter Money and Debt Cancellation” Are the Endgame January 22, 2015 (This item originally appeared

(This item originally appeared in Forbes.com on December 19, 2014.) http://www.forbes.com/sites/nathanlewis/2014/12/19/its-official-elvira-nabiullina-wins-the-tall-pointy-hat-award-for-mismanagement-of-the-ruble/ Back in October, I

What If Spain Devalued? December 11, 2014 (This item originally appeared at Forbes.com on December

The Intellectual Foundation for Monetary Reform is Falling Into Place December 4, 2014 (This item

A “Rules-Based” Monetary System Means A Fixed-Value System November 19, 2014 (This item originally appeared

Let’s Meet The Hard Money Extremists November 13, 2014 (This item originally appeared in Forbes.com

Keynesians Are In Hysterics Because Their Funny-Money Experiment Is Coming To An End October 30,

A Brief History of “Inflation,” 1949-2013 October 26, 2014 We’re following up our brief history

A Brief History of World Currencies, 1949-2014 October 19, 2014 Here’s something you don’t see

Russia’s Currency Crisis: This Is So 2008! October 16, 2014 (This item originally appeared at

Taxes on Capital and Capital Accumulation October 12, 2014 An economy is, fundamentally, a physical

Dozens of Countries Have Already Kicked the Fiat Currency Habit October 2, 2014 (This item

“The Fate of Empires,” by Sir John Glubb September 28, 2014 A friend sent me

Japan 2014: “Abenomics” and the Assets of Banks September 21, 2014 Once a year, I

Six Great Things an Independent Scotland Could Do September 16, 2014 (This item originally appeared

Japan’s Graying Population Needs New Solutions, Not Old Failures September 11, 2014 http://www.forbes.com/sites/nathanlewis/2014/09/11/japans-graying-population-needs-new-solutions-not-old-failures/ In 1989,

Economic Abundance with a Shrinking Population: Why Not? August 28, 2014 (This item originally appeared

Summer Slackoff: Ultralight Hiking 2014 August 24, 2014 I like multiday hiking, or multiday wilderness

Gold Holdings of Central Banks and Governments 2: The Larger View, 1850-2000 August 17, 2014

Gold Holdings of Central Banks and Governments, 1913-1941 August 10, 2014 We’re continuing our look

Don’t “Kitchen Sink” the Monetary Debate. Gold-Based Money Is Simple. August 7, 2014 (This item

The Reichsbank, 1924-1941 August 3, 2014 Here’s something you don’t see everyday: a look at

The Bank of France, 1915-1940 July 27, 2014 We continue our look at central banks

On the Path To a Better Monetary System: Bretton Woods Didn’t Fail Because of the

The Bank of England, 1914-1941 July 20, 2014 Today we are looking at the balance

I thought I would make a brief summary of our look into currency histories of

Devaluations of the 1930s Don’t Justify Today’s Funny Money Excess July 17, 2014 (This item

Paul Volcker Dreams of a “New Bretton Woods.” But What Would That Look Like? July

The “Income Inequality” Debate Is Not About Income Inequality July 3, 2014 (This item originally

Foreign Exchange Rates 1913-1941 #7: Switzerland’s Independence; Turkey Avoids Devaluation June 22, 2014 We continue

Explaining “Freaky Friday” — How the Gold Guys Became Their Own Worst Enemies June 19,

Book Review: Steve Forbes Leads The New Renaissance In Monetary Understanding June 3, 2014 (This

Foreign Exchange Rates 1913-1941 #6: Hyperinflation in Poland; Russia’s WWI Decline June 1, 2014 We

Foreign Exchange Rates 1913-1941 #5: Devaluations by Japan and France May 25, 2014 We continue

GoldMoney Is the Answer To “Nonphysical Currency” Ambitions May 22, 2014 (This item originally appeared

Book Review: Ron Paul’s End the Fed Condenses a Lifetime of Wisdom and Experience May

Foreign Exchange Rates 1913-1941 #4: Britain Leads the World Into Currency Chaos April 27, 2014

Foreign Exchange Rates 1913-1941 #3: The Brief Rebuilding of the World Gold Standard System April

China Doesn’t Need Much Gold To Create a Gold-Based Dollar Alternative April 17, 2014 (This

Foreign Exchange Rates 1913-1941 #2: The Currency Upheavals of the Interwar Period April 6, 2014

Foreign Exchange Rates, 1913-1941: Just Looking At the Data March 30, 2014 Although there is

The Gold Standard Guys Are Their Own Worst Enemies March 20, 2014 (This item originally

(This item originally appeared at Forbes.com on March 13, 2014.) http://www.forbes.com/sites/nathanlewis/2014/03/13/why-i-made-my-latest-book-available-for-free/ Books cost money to

(This item originally appeared at Forbes.com on March 6, 2014.) http://www.forbes.com/sites/nathanlewis/2014/03/06/bitcoin-proves-friedmans-big-plan-was-a-joke/ Bitcoin, as I have

Today’s Funny Money Rot Reaches Everywhere, Including Fiscal Discipline February 27, 2014 (This item originally

On February 12, 2014, I spoke at the Cato Institute in Washington DC, a well-known

Two Excellent Excerpts About Mercantilism by Murray Rothbard February 9, 2014 Some people are surprised

Bitcoin Ignites Ron Paul’s Parallel Currency Revolution January 30, 2014 (This item originally appeared at

Let’s continue our look at the Federal Reserve and monetary conditions in the 1930s. January

Keynes and Rothbard Agreed: Today‘s Economics is Mercantilism January 23, 2014 (This item originally appeared

Back in 2012, we looked at what the Federal Reserve was up to in the

The Monetary Choice We Face Today Is No Different Than In 1375 A.D. January 16,

The Bank of England, 1913-1927 January 5, 2014 A friend asked me about changes in

Nicholas Copernicus’ Treatise on Money (1526) January 2, 2014 (This item originally appeared at Forbes.com

On the Shelf: Judy Shelton’s Fixing the Dollar Now: Why U.S. Money Lost Its Integrity

Banks Aren’t “Sitting On Their Reserves” December 12, 2013 (This item originally appeared at Forbes.com

Japan 2013: The Endless Rise of Payroll Taxes December 1, 2013 I try to take

First a Flat Tax; then a Gold Standard November 7, 2013 (This item originally appeared

What’s Going On at the Fed? November 3, 2013 This continues some investigations that we

A Gold Standard System Based on Bullion Coins Is No Longer Practical November 1, 2013

What’s Going On At the ECB? October 27, 2013 I thought I’d take a look

What is “Hyperinflation”? October 13, 2013 What is “hyperinflation”? The word is tossed around, and

Is a Gold Standard System Bad for the Middle Class? October 10, 2013 (This item

How My Gold Standard Thinking Has Changed The Last Two Years October 4, 2013 (This

The Federal Reserve Is Now Badly Hooked on Quantitative Easing September 29, 2013 (This item

Let’s Take a Look at the People’s Bank of China September 29, 2013 I thought

Don’t Be Fooled, Shinzo Abe Has Japan On The Path Toward Economic Ruin September 15,

(This item originally appeared in Forbes.com on September 3, 2013.) http://www.forbes.com/sites/johntamny/2013/09/02/a-monetary-policy-masterpiece-of-a-book-that-everyone-should-read/ John Tamny, of RealClearMarkets.com

Building A Big Foundation For The Next World Monetary System August 29, 2013 (This item

Summer Slack-Off: Ultralight Hiking August 18, 2013 Over time, I figure out what I like

Detroit Could Be Better Off After Bankruptcy July 26, 2013 (This item originally appeared in

Video Game Central Banker Knows More Than Real-Life Central Bankers, and Bitcoin Dreamers July 11,

The Fed Is Likely Stuck With QE June 27, 2013 (This item originally appeared at

“The Gold Standard,” in Investments and Wealth Monitor June 10, 2013 The Investments and Wealth

Book Review of Gold: the Once and Future Money, in the Investments and Wealth Monitor

“Reinstatement of the Dollar: a Blueprint” (Arthur Laffer, 1980) June 9, 2013 Here’s something that

Merging the “Austrian” and “Supply Side” Traditions in Classical Monetary Economics June 2, 2013 (This

Summer Slack-Off 2013: The New World Economics Guide to Photography June 2, 2013 Since around

The Pre-1913 World Gold Standard — Something All Classical Thinkers Can Agree On May 23,

Current Accounts and Gold Flows, 1850-1913 May 12, 2013 You often hear that the gold

Bitcoin Is a Junk Currency, But It Lays the Foundation For Better Money May 9,

The Bank of England, 1904-1905 May 5, 2013 We are continuing our look at the

The “Bail-In” Is Another Bankster Scam May 3, 2013 (This item originally appeared in Forbes.com

The Bank of England, 1844-1913 2: The Banking Department April 28, 2013 We are continuing

Bitcoin Combines Ph.D-Level Computer Science With Sub-Kindergarten-Level Monetary Understanding April 18, 2013 (This item originally

The Bank of England, 1844-1913 April 14, 2013 In 1844, there was a new regulation

The Great U.S. Economic Expansion of 1870-1913 April 11, 2013 (This item originally appeared at

H.R. 1176: A Step We Need to Take April 5, 2013 (This item originally appeared

The Bank of England, 1720-1913 March 24, 2013 It took me a while to accumulate

The Wrong Way to Fix Europe’s Busted Banks March 21, 2013 (This item originally appeared

The Market Silver-Gold Ratio, 1687-2011 March 17, 2013 We have something special this week: the

End the Fed March 14, 2013 (This item originally appeared at Forbes.com on March 14,

Get Your Popcorn Ready To Watch The Coming Keynesian Self-Destruction March 8, 2013 (This item

The Bank of England 1720-1844 March 3, 2013 This week, we have a bit of

Japan: the Yen 1914-1941 February 24, 2013 For some reason, I’ve been spending a lot

Obama’s Minimum Wage Increase Is Not a Bad Idea February 21, 2013 I suppose the

How Do Countries Grow Rich? February 14, 2013 (This item originally appeared in Forbes.com on

The 10-Minute Gold Standard System January 31, 2013 (This item originally appeared in Forbes.com on

John Stuart Mill on an Inconvertible Paper Currency January 27, 2013 John Stuart Mill’s book

The Mind-Bending Ignorance of the Bretton Woods Years January 18, 2013 (This item originally appeared

Let’s “Clean Sheet” Our Failed Approach To Entitlements January 10, 2013 (This item originally appeared

The World Gold Standard of 1870-1914: the Most Perfect Monetary System Ever Created January 3,

The Federal Reserve in the 1920s 4: The Historical Record December 23, 2012 We’ve been

Embracing Stable Money Today December 21, 2012 (This item originally appeared in Forbes.com on December

We’ve been looking at what the Federal Reserve was doing during the 1920s. November 25,

The Tax Debate Is a Diversion December 14, 2012 (This item originally appeared at Forbes.com

What I Like About the Democratic Party December 7, 2012 (This item originally appeared at

The Magic Formula for Prosperity December 2, 2012 (This item originally appeared at Forbes.com on

The Federal Reserve in the 1920s 2: Interest Rates November 25, 2012 We have been

The Federal Reserve in the 1920s November 18, 2012 A friend asked me some questions

Fiscal Cliff Compromise Will Lead To Stepped-Up Money Printing November 16, 2012 (This item originally

Booms and Busts of the Gold Standard Era November 1, 2012 (This item originally appeared

The Social Deterioration of Funny Money Octcober 28, 2012 (This item originally appeared at Forbes.com

Triffin’s Dilemma October 28, 2012 Robert Triffin is another of those characters from the 1960s,

Raise Taxes and Reduce Spending? Not Really. ctober 21, 2012 (This item originally appeared at

No Economic Crisis Was Ever Caused By Stable Money October 14, 2012 (This item originally

Book Notes: The Age of Inflation, by Jacques Rueff October 14, 2012 A friend suggested

Currency Devaluations of the 1930s 2: More Devaluations October 7, 2012 We continue with last

A Return to Stable Money Requires More Intellectual Gasoline October 4, 2012 (This item originally

What’s Wrong With the Republican Party? September 30, 2012 (This item originally appeared in Forbes.com

Currency Devaluations of the 1930s September 30, 2012 For some reason, I have the urge

QE3: The Funny Money Team Has Crossed the Monetary Rubicon September 24, 2012 (This item

The New World Economics Guide to Curing Lower Back Pain September 2, 2012 A friend

Would a Gold Standard System Have Worsened the 2008 Financial Crisis? August 30, 2012 (This

My Day in Washington With Ron Paul August 23, 2012 (This item originally appeared on

Is Soft Money Good for the Working Class? August 16, 2012 (This item originally appeared

The Dying Gasp of Monetarism August 12, 2012 (This item originally appeared in Forbes.com on

My Testimony in Congress August 5, 2012 On August 2, I testified before the House

Bernard von NotHaus’ Accomplishment August 2, 2012 (This item originally appeared in Forbes.com on August

Composition of U.S. Currency 1941-1970 July 22, 2012 We will continue our look at the

Europe: It’s Time For Your Bank Holiday July 22, 2012 (This item originally appeared on

Composition of U.S. Currency 1880-1941 July 15, 2012 I thought it would be interesting to

“Austerity” in Greece July 15, 2012 (This item originally appeared in Forbes.com on July 15,

Income and Per Capita GDP in Gold Oz. July 8, 2012 This is something I’ve

Who Destroyed the Middle Class? June 24, 2012 (This item originally appeared at Forbes.com on

Book Review: Golden Rule for Prosperity June 16, 2012 My deepest thanks to Steve Forbes

How To Buy Gold June 14, 2012 (This item originally appeared in Forbes.com on June

The Parallel Currency Option June 10, 2012 (This item originally appeared in Forbes.com on June

“Austerity With Growth” May 31, 2012 (This item originally appeared at Forbes.com on May 31,

A Proposal for a Gold Standard System for the United States May 27, 2012 Today

Why $1600 Is My Price At Which to Return to a Gold Standard System Today

The “Gold Exchange Standard” May 13, 2012 Sometimes you hear about the “gold exchange standard.”

Returning to a Gold Standard System: Why and How? May 10, 2012 (This item originally

The Social Security System of the Future May 6, 2012 (This item originally appeared in

Japan 2012 May 6, 2012 This week  I have something a little special for you.

Central Bankers Don’t Know What They’re Doing: They’re Faking It April 28, 2012 (This item

Foreign Exchange Rates 1914-1941 April 15, 2012 As we begin to talk more seriously about

Keynesian “Easy Money” Is Nothing But Currency Devaluation April 12, 2012 (This item originally appeared

Did the Gold Standard Cause the Great Depression? April 4, 2012 (This item originally appeared

This week we will look at a funny and little-known episode in the history of

Ben Bernanke on the Gold Standard March 22, 2012 (This item originally appeared in Forbes.com

$100 Per Blender March 16, 2012 (This item originally appeared on Forbes.com on March 8,

Oil Continues to Rise Because the Dollar Continues to Fall March 1, 2012 (This item

The 1890s February 26, 2012 The 1890s are another time that the Keynesian economists like

The “Crisis of Capitalism” Is a Lack of  Capitalism February 23, 2012 (This item originally

The Gold Standard and the Myth of Money Growth February 16, 2012 (This item originally

The Warren-Pearson Index February 12, 2012 The most commonly used source of price information for

The Debt Supercycle: First Look February 19, 2012 This is a brief note. I thought

What Is the Best Kind of Gold Standard System? February 9, 2012 (This item originally

Let’s Dream a Dream for Greece February 3, 2012 (This item originally appeared at Forbes.com

Gold Standard Technical Operating Discussions 3: Discretion Vs. Automaticity January 29, 2012 Now, at last,

Gold Standard Vs. a Commodity Basket Standard January 26, 2012 (This item originally appeared in

What is “Stable Value”? January 19, 2012 (This item originally appeared in Forbes.com on January

Gold Standard Technical Operating Discussions 2: More Variations January 15, 2012 Last week, we were

The Future of the Financial System 2: Leaner and Smaller January 12, 2012 (This item

Some Gold Standard Technical Operating Discussions January 8, 2012 I’ve been having some discussions with

The End of the Keynesian Era January 3, 2012 (This item originally appeared in Al

Economics Without Statistics January 1, 2012 We often imagine the study of economics today to

What Should the Financial System Look Like? December 29, 2011 (This item originally appeared in

Economic Management Without Keynesianism December 16, 2011 (This item originally appeared in Forbes.com on December

Let’s Meet the Keynesians December 8, 2011 (This item originally appeared at Forbes.com on December

What is Money? December 1, 2011 (This item appeared in Forbes.com on December 1, 2011.)

The End of the 1970s Gold Bull November 27, 2011 I noticed some interesting things

More on Fixing the Banks November 20, 2011 This week I have just a few

My Thoughts On Lewis Lehrman’s Gold Standard November 17, 2011 (This item originally appeared at

Recapitalizing Banks with a Debt/Equity Swap November 13, 2011 This is a topic we’ve covered

There Are Only Three Ways To Reinstate a Gold Standard November 10, 2011 (This item

The Supply and Demand for Gold November 3, 2011 (This item originally appeared at Forbes.com

Interview With GoldMoney November 1, 2011 (This originally appeared as a two-part item at GoldMoney.com

The Diminishing Returns of Heroic Materialism October 30, 2011 I’ve been talking about the age

Rick Perry’s Flat Tax Plan October 28, 2011 (This item originally appeared at Forbes.com on

Europe’s Economic Crisis Is Not A Euro Crisis October 24, 2011 (This originally appeared in

Are the TBTF Banks Unnecessary? October 23, 2011 I was having an interesting discussion with

Heritage Foundation Conference on a Stable Dollar October 16, 2011 Earlier this month, I was

Flat Tax Vs. Fair Tax Vs. Herman Cain’s 9-9-9 Plan October 13, 2011 (This item

Utah Monetary Conference October 1, 2011 Happily, I was invited to a conference just last

It’s Morning In Albania September 30, 2011 (This item originally appeared at Forbes.com on September

A Debt/Equity Swap To Recapitalize European Banks: A Real World Example September 23, 2011 (This

How to Run a Central Bank with a Gold Standard September 15, 2011 (This item

A Brief History of the Britsh Pound September 11, 2011 Sorry for being gone for

Gold and the Trade Deficit September 8, 2011 (This item originally appeared in Forbes.com on

How To Fix Europe’s Problems Without Taxpayer Money September 1, 2011 (This item originally appeared

Thoughts On The Recently Completed Debt-Ceiling Agreement August 18, 2011 (This item originally appeared in

Book Notes: Imperial Spain, 1469-1716, by J. H. Elliot August 14, 2011 I heard of

Watch How They Steal The Money August 7, 2011 The amount of theft going on

One Path To A Global Gold Standard August 5, 2011 (This item originally appeared at

Making Change: The Simplest Practical Gold Standard System July 28, 2011 (This item originally appeared

Is a Gold Standard Deflationary? July 22, 2011 (This item originally appeared at forbes.com on

Democrats Want a Tax Cut. Take It! July 14, 2011 (This item originally appeared at

The Occult Technology of Power July 10, 2011 Copyright 1974 by Alpine Enterprises, PO Box

The Trauma of Bretton Woods July 7, 2011 (This item originally appeared in Forbes.com on

What Is “Stable Money”? June 30, 2011 (This article originally appeared at Forbes.com on June

The Euro Currency Vs. The Eurozone June 24, 2011 (This item originally appeared at forbes.com

Information on Central Bank Gold Holdings June 19, 2011 I’m not feeling very inspired this

Tim Pawlenty’s Growth Vision June 17, 2011 (This item originally appeared in Forbes.com on June

How Germany Went Back To Gold June 9, 2011 (This item originally appeared in Forbes.com

Gold is Stable in Value 4: More Commodities Prices, and Commodity Baskets June 5, 2011

The Currency “Trilemma” June 2, 2011 (This item originally appeared in Forbes.com on June 2,

Gold Is Stable in Value 3: Production and Supply May 29, 2011 [O]n the whole,

A Currency “Linked To,” “Redeemable In,” and “Backed By” Gold May 27, 2011 (This item

If The Gold Standard Is So Great, Why Aren’t We On One Now? May 20,