by George Dorgan
My articles My siteAbout meMy booksMy videos
Follow on:TwitterFacebookGoogle +
CFA SocietySeeking Alpha
Jackson Hole: Cherry Flavored Cyanide, or Strawberry The American Principles Project and the Atlas Network Sound Money Project, provided a much needed alternative in the Jackson Hole Summit. Move Over Entrepreneurs, Make Way for Speculation! The development of lending was a revolutionary breakthrough. Lending allowed the retiree to do business with the entrepreneur. The retiree has wealth, but no income. The entrepreneur is the opposite, with income but not wealth. The retiree lets the entrepreneur use his wealth, in exchange for an income. The entrepreneur is happy to pay interest, in order to grow his business and increase profits. Today lending is not illegal, but the Fed has been driving down interest for over three decades. Who The Heck Consumes Capital?! I have been writing about consumption of capital, using the example of a farmer who sells off his farm to buy groceries. It’s a striking story, because people don’t normally act like this. Of course, there are self-destructive people in every society, but, not many. Most people know not to spend themselves into poverty. To make people hurt themselves, we need to add the essential element: a perverse incentive.
Topics:
George Dorgan considers the following as important: Featured, Gold Standard
This could be interesting, too:
RIA Team writes The Importance of Emergency Funds in Retirement Planning
Nachrichten Ticker - www.finanzen.ch writes Gesetzesvorschlag in Arizona: Wird Bitcoin bald zur Staatsreserve?
Nachrichten Ticker - www.finanzen.ch writes So bewegen sich Bitcoin & Co. heute
Nachrichten Ticker - www.finanzen.ch writes Aktueller Marktbericht zu Bitcoin & Co.
Jackson Hole: Cherry Flavored Cyanide, or Strawberry
The American Principles Project and the Atlas Network Sound Money Project, provided a much needed alternative in the Jackson Hole Summit.
Move Over Entrepreneurs, Make Way for Speculation!
The development of lending was a revolutionary breakthrough. Lending allowed the retiree to do business with the entrepreneur. The retiree has wealth, but no income. The entrepreneur is the opposite, with income but not wealth. The retiree lets the entrepreneur use his wealth, in exchange for an income. The entrepreneur is happy to pay interest, in order to grow his business and increase profits.
Today lending is not illegal, but the Fed has been driving down interest for over three decades.
Who The Heck Consumes Capital?!
I have been writing about consumption of capital, using the example of a farmer who sells off his farm to buy groceries. It’s a striking story, because people don’t normally act like this. Of course, there are self-destructive people in every society, but, not many. Most people know not to spend themselves into poverty.
To make people hurt themselves, we need to add the essential element: a perverse incentive. Consider a parlor game called Shubik’s Dollar Auction…
The Economy Is in Liquidation Mode
If you’re an American over a certain age, you remember roller skating rinks (I have no idea if it caught on in other countries). This industry boomed in the 1970’s disco era. However, by the mid 1980’s, the fad was fading. Imagine running a rink company at the end of the craze. You know it is not going to survive for long. How do you operate your business?
You milk it.
Open Letter to Alexis Tsipras
The troika wants you to accept another bailout deal, to service Greek debts a while longer. Since bailouts mean borrowing more, you cannot avoid default in the end. Going deeper into debt is no good for anyone.
However, Greece has no future so long as it clings to the euro.
Keith’s critique of irredeemable paper money:
Keith on debt and inflation:
Keith about the advantages of gold and silver as money:
Keith on Yield Purchasing Power:
THERE’s Your Hyperinflation!
Interest – Inflation = #REF
The Gold Standard is written by Keith Weiner of the Gold Standard Institute. This column began at Forbes, and moved to SNBCHF in April 2015.
The Gold Standard Institute, based in Phoenix AZ, is a 501(c)3 tax-exempt educational organization dedicated to spreading awareness and knowledge of gold, and to promoting the use of gold as money. The Gold Standard Institute serves the public and promotes the general welfare through dissemination of gold’s virtues and its role in a society that values liberty and justice for all. The Gold Standard Institute was founded in 2012 by economist and monetary scientist Keith Weiner. The original URL is www.goldstandardinstitute.us.
The Gold Standard Institute may be contacted by email or regular mail.
Gold Standard Institute
3219 East Camelback Road
No. 403
Phoenix, AZ 85018
