Originally posted Saturday, June 30, 2012 Share "Experience is the name we give to our past mistakes, reform that which we give to future ones." -- Henry Wallich, used as the epigram to The Rules of the Game, by Kenneth W. Dam. As noted in the Wikipedia, "Kenneth W....

With thanks to the generosity of Institute founder and chairman, Reagan Gold Commissioner and Jacques Rueff protégé, Lewis E. Lehrman, il migliore fabbro.

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“I think that the relevant measure here is the valuation [Latin aestimatio] of the money as such, and, although this is founded in the quality of the metal it is made of, nevertheless, money’s material or metallic value [Latin valor] must be distinguished from its valuation as money [aestimatio]; for money can be valued more in itself than the material it is composed of and vice versa [i.e., its material value may be more than its actual valuation].”

— Copernicus, Essay on Money, Laissez Faire Books, 2013, translation by Gerald Malsbary,
edited by Ralph Benko and Charles Kadlec, Foreword by Lewis E. Lehrman

Posted on Monday, July 14th, 2014 Written by Ralph J. Benko On July 6th, Nobel economics laureate and Princeton Professor launched, in the New York Times, one of his occasional polemics, entitled Conservative Delusions About Inflation, against proponents of the gold...

Posted on Thursday, July 10th, 2014 Written by Ralph J. Benko The Heritage Foundation's Backgrounders long have been considered "the gold standard" of policy analysis by the center right policy community in the nation's capital. Now Heritage has issued a...