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Written by Ralph J. Benko
- Forbes |
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Tuesday, May 21, 2013 |
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Libertarianism, thanks, among other factors, to the emergence of leading presidential candidate Sen. Rand Paul, is coming to the fore. It is presenting itself in fresh, less eccentric, and increasingly attractive ways. Moderate libertarianism may be capturing the fancy of an overtaxed, fed-up-with-debt-fueled grandiose government, war-weary, live-and-let-live, Republican base and American people.
Time Magazine recently featured Sen. Rand Paul as one of the 100 most influential people in the world. Read more |
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Written by John Tamny
- Forbes |
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Monday, May 20, 2013 |
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In modern times the role of money has been almost totally perverted by the commentariat. Though money’s sole purpose is as a measure that facilitates the exchange of actual wealth (your bread for my wine), the desire to get something for nothing is so great that people actually believe prosperity can be had with the revving up of a printing press.
Back to reality, money is a measure. Simple as that. We produce so that we can consume, and money is the medium with which we do just that. That’s why its stability in va Read more |
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Written by Ralph J. Benko
- Forbes |
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Monday, April 29, 2013 |
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The gold price fell, dramatically, and now is bobbing about. Meanwhile, the prospects for implementing a 21st century gold standard continues to rise. Dramatically.
In a recent media monetary policy media slugfest between The New York Times and The Atlantic, on one side, and Bloomberg.com and Forbes.com on the other, analyzed here, recently, the gold standard prevailed. It is noteworthy that gold’s victory in that skirmish came in a larger context.
The gold standard used to be consigned, mainly (to borrow Read more |
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Written by Brian Domitrovic
- Forbes |
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Tuesday, April 23, 2013 |
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A question has haunted the aftermath of the Great Recession: where is all the inflation? If the Federal Reserve is going to spike the money supply most massively in the context of minimal economic growth, as it has since 2008, it would seem that a severe price inflation must ensue. Yet the consumer price index has grown at merely 1.5% for the past five years.
Back in the “stagflation” era, the 1970s and early 1980s, and cued up by President Nixon’s taking the dollar off gold in 1971, the Federal Reserve printed money Read more |
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Written by Ralph J. Benko
- Forbes |
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Monday, April 15, 2013 |
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Amid an ongoing decline in the price of gold, a major brawl recently broke out in the elite media over … the gold standard. What is this free-for-all all about? And why does it matter? It matters because… the gold standard finally has demonstrated that, after a long eclipse, it is being taken seriously in elite (if not uniformly polite) company.
Paul Krugman, in a blog entitled Cranky Old Men, attacked a Sunday New York Times jeremiad by former OMB Director David Stockman. Stockman’s tirade, in Read more |
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