Gold and Deflation

A question that often comes up in discussing financial preparing is, “what happens to our gold if we get deflation?” The author of this article argues that gold is your best bet, deflation or inflation.

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What Has the Government Done To Our Money? Part III

Chapter 12: Money Warehouses Since in the free market we would use some sort of coins, they would eventually get too bulky to carry around, and warehouses would emerge. We would store our money in a warehouse and carry a warehouse receipt that would guarantee our ownership of the money. Warehouses would probably be even more important with money than other items, since we will always withdraw other items from a warehouse to use. But money has no “use” per se, we can’t consume it, just exchange it. It is just transferred from one person to another, and there’s no…

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One World Currency…Here We Come!

At the conclusion of Rothbard’s book, “What Has the Government Done To Our Money?” he discusses the future of money in the post-Bretton Woods economy. He says that the only way to reach stability is to return to the classical gold standard of the 1800’s. Sadly, however, no one is interested in that, but rather, a world currency is the more “viable” option. Here’s a recent article about that.

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Interview with a Double

It seems that interviews are all the rage these days, from Lew Rockwell interviewing Ron Paul to Tom Woods being interviewed by a Zombie. Some of us more unfortunate people aren’t exactly being bombarded with requests to be interviewed. Yet we (translate: I) want in on the fun too. So, why can’t I interview myself? After doing this interview, I have a suggestion for all you famous people, you should try this too. I’ve noticed that many times when you’re interviewed, you don’t get much time to answer the questions, and sometimes (translate: most of the time) the interviewer isn’t very…

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“What Has the Government Done To Our Money?” Part I

I’ve been reading this book by Rothbard (in preparation for Mises University later this month) and like all the books I’ve read by Rothbard so far, it is fantastic. Superb…stunning, these might be more appropriate words. It is taking me a long time to read it because I want to write down everything Rothbard says in my notes. I can’t read a sentence or two without stopping to quote him. I thought I’d share some of those quotes, and my thoughts on the book. He starts out by saying how confusing money is to people. This has led to a…

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