Jim Brown

A new reserve asset is rising. It is not a cryptocurrency. It is not a new fiat experiment. It is something far older, heavier, and far harder to control.

The Real Risks of Owning Gold (and Why It’s Still Worth Owning)

As a longterm “stacker”(saver) I am not selling my silver metal or mining positions. In my estimation the upside-to-downside risk ratio is still very positive.

Throughout modern history, the story of gold has unfolded in cycles — crises, recoveries, and rediscoveries. But what’s happening now is not just another rally driven by inflation fears or a nostalgic nod to the 1970s. It’s the beginning of a structural reset — one...

Even Bitcoin’s mysterious creator, Satoshi Nakamoto, knew of Bitcoin’s shortcomings.

The philosopher Ayn Rand once explained that the purpose of a definition is to distinguish a concept from all other concepts by identifying its most fundamental characteristic. That’s what makes the concept unique.

All eyes on Jackson Hole this week as the Fed tackles inflation.

We observe a run on deposits in a commercial bank, then observe that the same thing can happen to other financial institutions, then mistakenly assume these institutions are essentially the same.

One good way to understand the current monetary system is to gain a basic understanding of banking history.

Commercial banks do not lend out other peoples’ money. On the contrary, banks create new money every time they make a loan.

Whether the bank sanctions hurt Putin or not, they will have far-reaching effects on many innocent people, and not only in Russia. To understand these effects, consider what happens when a bank account is “frozen.”

Those dollar bills in your pocket came from bank deposits, created out of thin air.

How does money come into existence today?

There’s nothing unfair about wealth disparity in a free market, but the economic divide caused by QE is a gross injustice.

Is consumer price inflation transitory or persistent?

The Fed’s fixation on consumer prices disguises the real inflation rate.

Record profits are not the sign of a resilient economy but an inflationary effect of reckless money creation