by Ralph Benko | Aug 20, 2012 | Uncategorized
Originally posted Thursday, August 30, 2012 Share August 15, 2012 marked the 41st anniversary of the “temporary suspension” of the gold standard by President Richard Nixon. It is of interest to read the reminiscences of Paul Volcker, who, as...
by Ralph Benko | Aug 18, 2012 | Uncategorized
Originally posted on Saturday, August 18th, 2012 Now Altoids, the “curiously strong mints,” enter the monetary policy arena. The Curiously Strong Fact imprinted currently on its package stuffer reveals: “For 3 days in 1924, Altoids were stronger than...
by Ralph Benko | Aug 16, 2012 | Uncategorized
Originally posted Thursday, August 16, 2012 Share “I ripped Milton Friedman’s $20 Federal Reserve Note into a half-dozen pieces. Suddenly, the atmosphere changed.” From My Friendly Fights with Dr. Friedman by Mark Skousen on September 25, 2007 The...
by Ralph Benko | Aug 14, 2012 | Uncategorized
Originally posted Tuesday, August 14, 2012 Share July 31st was the anniversary of the laying of the cornerstone, in 1792, for first U.S. government building: U.S. Mint in Philadelphia (and on the site of an abandoned whiskey distillery). And, by strange coincidence,...
by Ralph Benko | Aug 14, 2012 | Uncategorized
Originally posted on Friday, August 24th, 2012 “…there must have been a moment when Indians suddenly realized that beads were basically worth nothing, and they’d been trading all this valuable stuff for them.” In the July 23, 2012 New Yorker,...
by Ralph Benko | Aug 11, 2012 | Uncategorized
Originally posted Saturday, August 11, 2012 Share ‘Knaves assure, and fools believe, that calling paper ‘money’ and making it a tender is the way to be rich and happy….’ The biographical directory of the United States Congress recites...
Recent Comments