How Central Banks Destroy Money’s Purchasing Power

How Central Banks Destroy Money’s Purchasing Power

Most economists hold that a growing economy requires a growing money stock on grounds that growth gives rise to a greater demand for money that must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services,...
How Government Intervention Triggers Depressions

How Government Intervention Triggers Depressions

Although painful, the solution to the 2020 economic recession is simple—uncover our problems, let prices adjust, and reallocate capital toward productive usages. The quicker we adjust, the shorter the recession and the sooner we create a sustainable economic...
In 5,000 Years Of Human History Silver Hasn’t Been This Cheap

In 5,000 Years Of Human History Silver Hasn’t Been This Cheap

More than 4,000 years ago, the city of Kanesh was quickly becoming an important commercial trading hub within the ancient Assyrian Empire. Kanesh was located in the dead center of modern day Turkey, so it was perfectly situated on the route between the Mediterranean...