MARKETS

Gold and The Quiet Birth of a New Monetary Order

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.

Only A Gold Dollar Will End Deficits

Only A Gold Dollar Will End Deficits

The United States government has had a budget deficit in almost every year since 1933. Repeated pledges to end the deficits have come to nothing. The latest pledge, President Clinton’s plan to eliminate the deficit by the year 2002, is only one more such empty...

“Buy American” Is Un-American

“Buy American” Is Un-American

Government interference with free trade is un-American. Sacrificing one’s standard of living in order to subsidize inefficient domestic producers is un-American. The tribal fear of foreigners is un-American. Resentment at others’ success is un-American. A patriotic Amer…

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