A high-level task force has shown that there are a number of incompatibilities between the ability to regulate cross-border finance and disciplines under the WTO and the myriad ´free trade agreements´ and bi-lateral investment treaties that many nations have agreed to over the past decade. See a proposal to address…
Lehrman lays out 5 steps for moving to a gold-based monetary system. Not easy, but necessary. …
Today inflation of the general price level (or CPI) proceeds gradually in the United States because of unemployed resources, combined with the panic demand worldwide to hold the dollar rather than spend it, or to repay debt with the money rather than to consume. …
American economic reconstruction, grounded by the true gold standard, would lead to a resurgence of rapid growth, empowered by renewed confidence born of market expectations of a stable long-term price level. With American leadership, other nations would follow. …
Critics of gold and apologists for today’s fiat currency standard decry the lack of monetary flexibility of the gold standard. What the gold standard really does is severely restricts the ability of the government to steal from you. Today’s monetary system sanctions stealing. …
If market dynamics were allowed to play out undistorted by coercive government, then the true costs of living in any given location would be transparent and result in population concentration where those true costs are low, unlike today where the costs are hidden.…
The greater the use of the earth’s resources the greater the environmental stress. Since we all must consume in order to live, the most important thing we must do to be environmentally sound is to be as productive as possible – using as little of the earth’s resources as possible…
A study of the history of the gold standard may sound arcane and irrelevant to your lives, but it is very relevant and worth understanding more deeply.…
It turns out that our hard wired behavior and desires drive economic policy. We tend to live in a constant state of want and anxiety over not being able to afford all those wants which we continually confuse with need. …