What Are You Speculating in?

Tuesday, the 7th of May 2024

Most people don't think of themselves as speculators, but...

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If Seashells were Money, Why not Bitcoin?

Wednesday, the 6th of March 2024

One of the earliest forms of money was seashells; however, gold and silver...

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Looking Ahead

Thursday, the 21st of December 2023

For anyone who has been paying attention to what the Fed and U.S. federal government have been doing, it must be obvious that:

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Five Reasons Governments Lie

Tuesday, the 4th of April 2023

Why would a government ever lie to its citizens? I can think of five reasons...can you think of more?

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Why Have There Been so Many Mergers and Consolidations in the U.S. over the Years?

Monday, the 16th of January 2023

Some people believe that big corporations are to blame...

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This Chart Shows Why Inflation Isn't Going Anywhere

Tuesday, the 22nd of November 2022

I want to show you something important today. It has to do with everything that's in the financial news. And yet I don't think I've seen anybody looking at things quite this way.

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Biden's National Security Strategy Visited

Thursday, the 10th of November 2022

According to the Biden administration's latest National Security Strategy, "The People's Republic of China...

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How Inflation Misallocates Resources

Tuesday, the 21st of June 2022

A friend recently asked me how one prepares for hyper-inflation. I told him...

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What Would You Do if Your Bank Account were Frozen?

Thursday, the 7th of April 2022

That’s what happened to Russia after its troops invaded the Ukraine. It had roughly $650 billion in foreign exchange reserves parked in banks around the world.

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Economic Lessons for Amish Children

Sunday, the 6th of February 2022

I recently had a second Amish baby boy named after me. While I could obviously gift the child and his parents gifts of gold or silver, it occurred to me that it would be nice if I could give them something more…something they wouldn’t get from any place else; i.e., a little knowledge about economics. The Amish never take a course on economics as they never attend school past eighth grade. Furthermore, their teachers never go to school beyond eighth grade. So where can they obtain any knowledge of economics? As far as I know, they don’t subscribe to economic newsletters or other publications; therefore, I wrote down the following ten items I call Economic Lessons for Amish Children. Of course, the lessons could be of value to non-Amish children (and some adults!), as well.

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Inflation: Transitory? Or Just Getting Started?

Tuesday, the 11th of January 2022

Ok, so now everyone can see the price inflation...

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Don't Forget about Food!

Wednesday, the 16th of June 2021

My father was born in 1922, in Germany. As many people know, hyper-inflation in Germany...

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How Inflation Plays Out

Tuesday, the 2nd of March 2021

The problem with inflation is that it has a number of mal-effects on the economy and society in general. The following is...

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Is it Unpatriotic to Avoid the Coming Price Inflation?

Sunday, the 21st of February 2021

Some people believe it is patriotic to deprive a wasteful government of the capital that is being seized and squandered by it.  Fortunately...

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Earning a Profit, or Not?

Thursday, the 18th of February 2021

Earning a profit is important for five reasons...

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Unequal Treatment under the Law

Tuesday, the 16th of February 2021

Government is an instrument of force. Its laws, rules, and regulations are enforceable with police power and military might. This force is necessary to...

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The Confusion about Inflation

Wednesday, the 20th of January 2021

I recently read an article in which the author defined inflation as a “sustained increase in the price of goods and services.” While this definition is quite common, it is not accurate. Inflation is the increase in the supply of money and credit, pure and simple. This may lead to rising prices of goods and services (price inflation), but to say that the rising prices are inflation confuses the cause and effect of the rising prices. This is important because...

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The Return of Capitalism

Sunday, the 17th of January 2021

The United States already has socialism to a large extent. That's not to say that it couldn't get much worse. It could. And it just has. Let me explain.

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How Free Things Can Destroy Incentives

Sunday, the 20th of December 2020

When food aid was sent to Haiti after it suffered a devastating earthquake in January 2010...

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What Would Happen if the U.S. government were to Abolish the Federal Income Tax?

Monday, the 2nd of November 2020

Obviously, the Federal Government would bring in approximately $3.7 trillion fewer dollars...

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What Has Government Done to Our Money?

Thursday, the 17th of September 2020

Starting in 1793, shortly after the Continental Dollar was printed into oblivion, the United States minted copper coins, followed by silver (1794) and gold (1795) coins. The government had learned its lesson...

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A Graphic Demise of the U.S. dollar

Tuesday, the 11th of August 2020

Back in the 1970s when I was in college, the United States was experiencing price inflation and as an economics major, we studied money and inflation. In fact, my dad even wrote a book...

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