|
Written by Philip Scranton
- Bloomberg |
|
Thursday, April 25, 2013 |
|
As the U.S. banking crisis ebbed in early 1933, central-bank gold reserves were rising, and gold-based currency notes were steadily flowing back into accounts. The country was experiencing a positive balance of trade.
"Not one of the conditions usually attendant to a suspension of gold payments was present at the time," the Economist magazine would write in May.
Yet on April 20, President Franklin D. Roosevelt signed an executive order banning the export of gold to settle international accounts. This followed an Read more |
|
|
Written by John Tamny
- Forbes |
|
Monday, April 08, 2013 |
|
A popular story promoted by Monetarist School thinkers is the one about Milton Friedman discrediting the Phillips Curve. For those not familiar with the latter, it’s the incorrect theory embraced by Keynesians that says economic growth is the cause of inflation.
Keynesians presume that speedy growth leads to labor and capacity shortages that result in higher prices. Of course if we ignore that labor and capacity are dynamic as opposed to static, and similarly ignore technological enhancements that allow companies Read more |
|
Written by Maria Snytkova
- Pravada |
|
Friday, January 18, 2013 |
|
One hundred and sixteen years ago, Russia produced its first gold coins. On January 15, 1897, the Russian Empire switched to gold money, which marked the beginning of the era of economic monetary reforms conducted by Finance Minister Witte. As a result of those reforms, the gold ruble became the hardest currency in the world, pegged to gold reserves of Russia.
Before the advent of gold coins, the Russian Empire had a silver standard. At the end of the 19th century, the need for reforms was prompted by changes in Read more |
|
Written by Staff
- Investopedia |
|
Thursday, December 06, 2012 |
|
We often think of money as a means of exchange in paper and rounded metal form with conventional denominations. Think again. In the long of currency, forms of payment that would appear stranger than fiction have appeared. Indeed, before the advent of money, barter was the accepted means of payment where anything could serve as "currency." Here's a brief tour through the quirkier side of the medium's history. Funny money, indeed.
Read Full Article |
|
Written by Christopher Faille
- All About Alpha |
|
Friday, September 14, 2012 |
|
The U.S. Republican Party has now officially endorsed the idea that a commission should study “possible ways to set a fixed value for the dollar.” This seems a sign that the idea of a hardened monetary policy has re-entered the mainstream of discussion. Bravo.
Bank of England
A little more than a half year ago the Bank of England issued its Financial Stability Paper No. 13, reviewing the global financial crisis from the point of view of the “international monetary and financial system.” The authors, Oliver Bush, Kat Read more |
|
|
|
|
Page 1 of 13 |
