Gold Is The Constant—What Is the Signal In Its Major Decline?
Markets have no ideology. They simply are. Gold simply is. It doesn’t respond, rather it tells us about other things… Continue reading on Forbes.
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Essays
Writing by John Tamny and Parkview contributors, from the latest commentary to the collected archive.
84 essays · Newest first
Clear filtersSorry, There’s Nothing Stable About Bitcoins OR Stablecoins
How soon we forget that cryptocurrencies were given life by the instability of fiat currencies… Continue reading on Forbes.
The Obnoxious Conceit of Stablecoin Proponents
Why is Netflix founder Reed Hastings so rich? It’s a clown question, right? Everyone knows why he’s worth billions, and it’s because he founded a company that is worth over $300 billion. Except that…
Bitcoin’s Uselessness As Money Well Predates Recent Decline
With it’s fixed supply, the cryptocurrency indicts monetarist and Austrian theory like nothing else… Continue reading on Forbes.
When It Comes To Money, Economists Are Profound Excess
Production is always matched with credible exchange media. One presumes the other… Continue reading on Forbes.
Good money should center Trump’s economic universe
It’s common for the media to dismiss those extolling the virtues of the classical gold standard by pointing out most mainstream academic economists hate that idea. That skepticism is reminiscent of a…
“Monetarism”: Confirmation Economists Never Got The Joke
Monetarism recalls the Five Year Plans of the old Soviet Union… Continue reading Forbes.
Why Do Nice People Let People Who Hate Them Steal Their Money?
All civilizational knowledge is built on history. A 3-year-old touches a hot stove, burns his finger, and then knows—forever—not to do it again. Remember when you busted your…
Gold Price Mirrors Economic Unease Ignored by Politicians
Currency debasement in no way fools the electorate… Continue reading on Forbes.
Proof of Work Is What’s In Your Wallet, Not a BTC Blockchain
Money buys nothing. It’s always production for production. Continue reading on Forbes.
If a Weak, “Trump Dollar” Is Inflationary, Then Biden’s Was Not
Why wasn’t Joe Biden afforded the same, market-based dollar analysis by the Journal’s editorial page when he was President? Continue reading on Forbes.
When It's Your Money, You Known When It's Being Stolen
Why did Kant, Hegel, Kierkegaard, and all the great philosophers know so little about the real world? Ever heard of Eddie Levert, Sammy Strain, Frank Little, Jr., and Walter Williams? The…
Berkshire’s $358 Billion Question & the Money Multiplier Myth
The brilliant thinking of Ludwig von Mises (1881-1973) has been unfairly besmirched by a rather absurd “money multiplier” theory puzzlingly embraced by his more modern followers. Mises’s…
Steve Moore and Larry Kudlow Owe Trump Straight Talk On the Dollar
A weak dollar will sap Donald Trump’s presidency like no other policy. This is something Steve Moore, a top outside economic adviser to Trump, knows well. So does Moore’s great friend, Larry Kudlow.…
Slower Progress Since ’71? Floating Dollar Begs for Attention
Economists and their obtuse theories have been the overwhelming driver of reduced progress since 1971. Market-friendly economists (think Milton Friedman) are paradoxically the biggest offenders since…
Historians Will Mock ‘Money Supply,’ Fed Funds, Fed Watching
“Increased cash flow allowed TCI to borrow more money and pay higher total interest costs on it, which we used to buy still more cable systems.” That’s how cable television visionary John Malone…
Governments Can ‘Print’ Money or Spend It, Surely Never Both
Even beggars turned up their noses to the German mark in the 1920s. It’s true. While wheel barrows full of marks continue to animate simplistic economic history, the reality is that the marks in the…
Gold Is a Better Equity Market Tell Than It’s Being Credited For
To buy gold is to withdraw resources from the wealth and information creating private sector. That’s because consumption is in most instances a confirmation of knowns, of the exchange of resource…
In Retirement, Do You Prefer Exposure to Dollars or People?
“Rather than investing in buildings, I want to invest in the people working in the buildings.” That’s a paraphrase of investor David Bahnsen. Bahnsen’s comment comes to mind when thinking about…
Wall Street, China Trample On Dollarization & Federal Reserve
“Chinese companies are pushing across the globe to conquer new markets, and U.S. financiers are making a mint by helping them.” That’s how the Wall Street Journal’s Rory Jones reported it in a recent…
Milei Can No More ‘Dollarize’ Than He Can Decree Happiness
“You deserve happiness.” How many times have readers heard the latter? It’s accepted wisdom, but also nonsensical. Happiness is hard. The founding fathers knew this. They decreed a right to pursue…
To Buy Gold Is To Hide Precious Knowledge In A Coffee Can
To purchase gold isn’t much different from hiding money in the proverbial coffee can. Yes, rising gold signals a little or a lot of economic decline. The yellow metal’s upward trajectory in dollars…
If They Offer ‘Rewards’ For Deposited Stablecoins, Aren’t They Banks?
Private money will eventually replace fiat, government money. The reason is simple: Inflation (meaning currency devaluation) is a brand risk, and a private business would never be so foolish as to…
There’s No Dollar ‘Demand’ & ‘Supply’: There’s Only Production
The length of the foot doesn’t decline if the number of foot rulers produced exceeds demand for foot rulers. That’s because the foot is a measure, a fixed concept of length, nothing else. It’s…