Tag: Gold

This is the best, simplest explanation of the reasons the gold standard is so profoundly broken.  Are you listening, Ron Paul? In short, there is a really serious problem inherent in any banking system in which the standard is itself a medium of exchange. The very fact that gold is…

Pushing back on the ongoing derailment of the G.O.P. and the commitment of both Newt Gingrich and Ron Paul have committed to appoint one of Wall Streets best-know gold bugs to chair the Federal Reserve.  This would be a ReallyBadIdea(tm).  Any romantic notion that a return to the gold standard…

What is it about gold that people find so attractive?  It’s not really useful for much.  You can’t eat it.  There isn’t enough of it in the world to build a house with.  Short of a few fillings and the connectors on the back of my stereo, what’s the big…

There have been a group of unemployed people wanting to speak to their congressman Paul Ryan (R-Wall St.). The annointed boy king from Janesville, has better things to do with his time than meet with his constituents. Why would someone who drinks $350 bottles of wine want to waste time…