Adam Smith on his own era’s QE Bailouts

Originally posted on Tuesday, January 8th, 2013 The banks, they seem to have thought, could extend their credits to whatever sum might be wanted, without incurring any other expense besides that of a few reams of paper. They complained of the contracted views and...

The Trillion Dollar Platinum Coin “Solution”

Tuesday, January 01, 2013 Share There is a proposal informally circulating in Washington to evade the debt limit by having the Treasury issue two $1 trillion dollar platinum coins.  This is, at least superficially, reminiscent of the Zimbabwe currency debacle that...

Gold and Griffins

Originally posted on Thursday, December 27, 2012 Share Some, occasionally, have wondered how it is that gold is produced. Excellent authority has it that it is stolen from griffins by one-eyed men. The “Father of History” Herodotus wrote: But in the north...

“Gold, and Frankincense and Myrrh”

Originally posted on Tuesday, December 25, 2012 Share There is a historical, cultural, and even regal dignity to gold. From the Gospel according to Matthew (King James Version): 2 Now when Jesus was born in Bethlehem of Judaea in the days of Herod the king, behold,...