Previously, I wrote how many Indian nationals were opting out of the national paper currency and voting with their feet as it were in favor of physical gold–even in numbers far greater than usual for wedding gifts, etc. The situation started as a result of economic and…
Today, the Federal Reserve will start circulating the new $100 Federal Reserve Note. While this development isn't quite the currency competition we here at freebanking.org promote, it does provide a timely excuse to bring up some of our issues. Because the US currency notes are an internationally-recognized…
E. W. Kemmerer was a great thinker and writer on monetary policy who taught international finance at Princeton University, but was he in favor of 100% reserves? The Mises Institute has done a great service digitalizing and making available many out of print but otherwise largely inaccessible…
All the news in DC right now is focused on whether there will be a (partial) Federal government shutdown. (In the spirit of full disclosure, I live here, and many of my neighbors are the ones that would potentially be affected so there's no escaping it.) Should…
Recent events unfolding in India illustrate that Indians and others use gold as an alternative currency. Several years ago, I made this point when I opened up my talk at the Mises Institute on a panel on how to transition to sound money. Briefly, many Indians and…