Thursday , November 15 2018
Home / SNB & CHF / Interview, Ted Talk, Gold Bug Hope Swiss Franc

Interview, Ted Talk, Gold Bug Hope Swiss Franc

Summary:
I was on the Jay Taylor Show again, to talk about the the Swiss franc. No, the headline was not of my choosing. Adam Caroll gave a Ted Talk about how people behave differently when money isn’t real. And gets into a discussion of how kids will click to spend on their parents’ phones without any real appreciation for what it costs. It’s called “When money isn’t real“. Real being the paper dollar, and unreal being a credit card, or worse yet, waving your phone over a payment sensor. I just wanted him to see that his “real” money has, itself, been divorced from anything real. Similarly, economist Paul Romer, who just won the Nobel Prize, criticized economic models which are “pseudoscience”. He meant when central banks

Topics:
Keith Weiner considers the following as important: , , , , , , , , ,

This could be interesting, too:

Nadia Gharbi writes Italian government sticks to its 2019 deficit plan

Marc Chandler writes FX Daily, November 14: Dollar Comes Back After Yesterday’s Profit-Taking

Gast writes Ein Plädoyer für Folgenabschätzung von Dieselfahrverboten

Swissinfo writes Visana insurance president commits suicide

I was on the Jay Taylor Show again, to talk about the the Swiss franc. No, the headline was not of my choosing.

Adam Caroll gave a Ted Talk about how people behave differently when money isn’t real. And gets into a discussion of how kids will click to spend on their parents’ phones without any real appreciation for what it costs. It’s called “When money isn’t real“. Real being the paper dollar, and unreal being a credit card, or worse yet, waving your phone over a payment sensor.

I just wanted him to see that his “real” money has, itself, been divorced from anything real. Similarly, economist Paul Romer, who just won the Nobel Prize, criticized economic models which are “pseudoscience”. He meant when central banks rely on flawed models, though he doesn’t see the applicability to the very idea of having a central bank in the first place! The premise is that free markets fail, and central planners can prevent or mitigation this failure. And he doesn’t like when central planners use models that are flawed. Oh, that’s just rich!


Tags: ,,,,,,
Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He writes about money, credit and gold. In March 2015 he moved his column from Forbes to SNBCHF.com

Leave a Reply

Your email address will not be published. Required fields are marked *