My goodness! I honestly believe that today’s team of Classical monetary intellectuals is probably the best since about 1910. The long era of monetary ignorance, that characterized the 20th century, is finally passing. That team is strengthened now by the powerful intellect of George Gilder, who recently released a monograph entitled: The 21st Century Case for Gold: A New Information Theory of Money. Read More ›
European debt problems have kept financial markets on edge during much of the last two years, but it is the debt problem in the United States that is far more likely to precipitate a global crisis. Recently, Lawrence Goodman, a former crisis-prevention analyst at the U.S. Treasury, sounded the alarm that investors balked at low coupon rates last year, forcing Read More ›
European debt problems have received a lot of media attention, but it is the debt problem in the U.S. that is far more likely to precipitate a global crisis. Former U.S. Treasury official Lawrence Goodman sounded the alarm recently when he noted that investors are shunning low-yielding U.S. Treasuries, forcing the Fed to buy “a stunning … 61% of the Read More ›
With all the recent media attention that has been given to the G-men memos, secret intelligence reports that vaguely or clearly detailed the terrorist action that came to be known as 9/11, it gives me great pleasure to point out an unknown local author named Philip Gold who also predicted the catastrophe. Here in Seattle we have a man who, Read More ›