Tag: gold
Why Is Gold at a New High?

The most recent quote reported in the Wall Street Journal (September 15, 2010) values gold at $1,268.50 per ounce, a historic high, albeit unadjusted for inflation. Will rosy expectations never fail to persist? It is certainly true that the expansionary policies currently being pursued by Fed Chairman Ben Bernanke auger much higher future rates...
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Burt Blumert, RIP

The great benefactor of Austrian economics and champion of liberty and sound money has passed on at the age of 80 after a struggle with cancer. See the remembrances by Lew Rockwell and Eric Garris.

The Reckless Federal Reserve, Bernard Madoff and Elihu Root: Lessons for Today

The Federal Reserve has now moved to escalate even further its inflationary jihad in a vain and highly dangerous attempt to “stimulate” the economy. As reported in the New York Times: The Federal Reserve entered a new era on Tuesday, lowering its benchmark interest rate virtually to zero and declaring that it would now...
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