Read
Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
84 essays · Newest first
Clear filters“They’re on track to becoming the richest person on earth eventually.” Those are the words of Cullen Hoback, creator of a new HBO documentary (“Money Electric: The Bitcoin Mystery”) which purports to…
There is no “money multiplier.” If there were, money wouldn’t exist as an exchange medium.
Did Eliason succeed when it came to providing for his family? Read this excellent, essential book to find out. And ask questions as you do. The biggest for me remains the one about dollars.
Markets don’t wait for the policy. They have to anticipate. Arguably the falling dollar is evidence of Trump’s electoral strength, but it will also wreck his presidency if it’s the policy.
Policy experts need to cease shouting at Argentinean president Javier Milei to “dollarize.” He can do no such thing.
Monetarism: Government has no resources. It can only spend what it’s taken from us first.
Self-proclaimed libertarians claim Argentine president Milei must “dollarize.” Really? Why? And what on earth does government decreeing the dollar as the currency of exchange have to do with free…
The problem isn’t Bernstein, it’s economics itself. It’s a reminder that the PhDs who turned their noses up to Bernstein’s droolings are every bit the butt of the joke that he’s been the last few…
Who are you going to believe, Warren Buffett and his $167 billion or the rabid critics of banks operating as banks, and who believe banks operating as banks are relentlessly multiplying away the…
Gold continues to close at record-setting prices. In the past six months alone, the metal is up almost 25% — now costing as much as $2,400 per ounce.
Money in circulation is an exacting market phenomenon, opposite Monetarists, Neo-Austrians and Keynesians, and it is because goods, services and labor always and everywhere buy goods, services, and…
Parker Field was an old wooden baseball stadium in Richmond. We were the # 1 farm team for the Yankees and then the Braves. The place had character. When I was 16, my brother Brick and Andy…
It used to be broadly understood that inflation was currency devaluation, not a politicized concept that warring ideologies could redefine on the fly. They’ve done exactly this in recent years by…
Former budget director Mick Mulvaney is the latest, but surely not the last to say that inflation is “too much money chasing too few goods.”
So what do Gangsta Boo and Douglas MacArthur have in common? Answer, together they offer the solution on how to fix the cesspool of higher education. Stay with me….. If you are one…
Gold sits at all-time highs in dollars. What that signals is that the dollar’s value against the constant that is gold is at all-time lows.
Inflation is a policy choice of governments that long predates central banks that the various economic religions have oddly happened on as the creator and fix for inflation.
How did inflation become so associated with central banks? Inflation is as old as government-currency issuance is, so to make inflation a central bank story is a bit of a non sequitur. Governments…
It’s popular among the conspiracy-minded and central bank-obsessed (frequently the two go together) to suggest that governments establish central banks to buy their debt. The very notion is…
This will cause some heads to explode within the various free-market and interventionist religions, but market forces born of production decide which currencies circulate, not central banks or…
If a recession is coming, or for that matter growth, money in circulation will reflect either scenario without regard to the central plans of economists and those who revere them.
Circulation of good, trusted money is limitless yet there are strict limits to Bitcoin. That’s why it can never be money.
Money isn’t abundant in Palo Alto but scarce in Baltimore because the state decreed it so, rather money in circulation is production determined. It’s a market phenomenon every bit as powerful as the…
“Money supply” is a conceit on par with Five Year Plans, the only difference that Five Year Plans thankfully died in the 20th century.
