The World’s Stablecoins Deserve More From the Dollar
Every so often it’s useful to quote arguably the most important passage from Wall Street Journal reporter Craig Karmin’s 2008 book, Biography of the Dollar. Karmin noted that prior to 1971, there…
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Essays
Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
88 essays · Newest first
Clear filtersWith Gold Rising, It’s Time for Trump/Harris To Be Presidential
Gold is referred to as a constant for good reason. It’s price doesn’t move. What moves are the currencies in which it’s priced. Which is a reminder that when the price of gold in dollars declines,…
Book Review: Andrew Chow’s ‘Cryptomania’
ber really started to become a thing in 2012. It was a spectacular revelation. Gone were the days of worrying about calling a cab or hailing one in order to get to the airport. Similarly gone were…
The Rising Political Power of the Crypto Voter
Do you the reader transact with cryptocurrencies? Do you store wealth in them? Particularly if the answer is no, it’s useful to think about such an answer in light of a recent national poll conducted…
‘Satoshi Nakamoto’ Is Why Bitcoin Will Never Be Money
“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…
Whom Do You Believe? ‘Money Multiplier’ Theorists, or Warren Buffett
There is no “money multiplier.” If there were, money wouldn’t exist as an exchange medium.
Book Review: Nathaniel Ellison’s Essential ‘Crypto Confidential’
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.
Donald Trump Can Survive Many Policy Errors, But Not a Weak Dollar
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.
‘Dollarization’ In Argentina Isn’t a Policy Choice, It’s a Market Condition
Policy experts need to cease shouting at Argentinean president Javier Milei to “dollarize.” He can do no such thing.
Monetarism Didn’t Discredit the Phillips Curve, Rather It Mirrors It
Monetarism: Government has no resources. It can only spend what it’s taken from us first.
Dollar Stability, Not ‘Dollarization,’ Is the Fix for Javier Milei
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…
Jared Bernstein’s ‘Money Printing’ Critics Are Ridiculous As Bernstein
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…
Warren Buffett’s $167B Mocks the Laughable ‘Money Multiplier’ Theory
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 Prices Scream Biden’s ‘Shrinkflation’ Narrative Is All Wrong
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.
Opposite Monetarists, Neo-Austrians and Keynesians, Wealth Isn’t Money
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…
Whether Stadiums or Foreign Wars, Beware Pols Spending Your Money
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…
Supply Siders Close To Trump Need To Fix His Dollar Confusion
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…
No, Inflation Is Not ‘Too Much Money Chasing Too Few Goods’
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.”
'Where 'Dem Dollars At' Is the Solution to the Education Question
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 Is Speaking Very Loudly Now, Is Anyone Listening?
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.
A Look at Hasbro’s ‘Monopoly’ To Calm the Nerves of Monetarists
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.
There’s No Such Thing As ‘Easy Money,’ There’s Just Production
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…
Central Banks Neither Own Debt Nor ‘Print Money’ To Buy It
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…
If Javier Milei Trusts the Markets, He Doesn’t Need to ‘Dollarize’
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…