The Arizona House of Representatives has convened an Ad Hoc Committee on Gold Bonds. The purpose is to explore if and how the state could sell a gold bond. This is an exciting development, as the issuance of a gold bond would be a major step towards a working gold standard.Yours truly is a member of the committee.
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Category Archive: 6a.) Gold and Silver as Money
Alan “Bubbles” Greenspan Returns to Gold
Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. […] The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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Arizona Governor Ducey Vetoes Gold
Unpersuaded by either the plight of the pensioners or the prospect of business growth in Arizona, Ducey vetoed gold. This is his second time to shoot down gold.
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Interest on Gold Is the New Tempest in a Teapot
A company offers interest on gold, and the gold community goes ballistic. Why so visceral a response? To answer that, we need to look at the backdrop of today’s bizarre financial world.
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Will Gold Outperform Stocks?
Will stocks go up more, or will gold outperform? With the paperocentric theory, this is hard to answer. We have to estimate rates of inflation (meaning increases in the quantity of dollars) and calculate how much inflation (meaning rising prices of all things, consumer and asset) that will cause. Then we have to somehow put a value on gold. It boils down to a guess.
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Monetary Innovation is the Path Forward
There is no shortage of sound money conferences. They’re regularly put on by think tanks, and dutifully attended by all the free market academics who can get travel budget. But I have a premonition. The move to the gold standard won’t be led, or driven by these events.
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Jackson Hole: Cherry Flavored Cyanide, or Strawberry
The American Principles Project and the Atlas Network Sound Money Project, provided a much needed alternative in the Jackson Hole Summit.
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What Good is the Texas Gold Depository?
You’re getting onto a highway. You want to go to your destination but there are roadblocks. The barriers are stacked up in layers. Even if one is removed, you still can’t get anywhere. So is it worth it to start eliminating obstacles, even though it won’t clear the road yet?
On June 12, 2015 Texas said yes.
The road we’re talking about is the path forward to the gold standard.
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Arizona Governor Ducey Vetoes Gold
Arizona Gov. Doug Ducey vetoed a bill Wednesday that would have made Arizona the third state behind Utah and Oklahoma to recognize gold and silver as legal tender. This isn’t yet another in a long series of articles lamenting the Federal Reserve, power, politicians, corruption, and the hopelessness of fighting the status quo.
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The Gold Standard For Democrats
Keith Weiner describes how the Fed pushes down the interest rate and due to that, it drives up prices of food and rents. This implies that businesses are clearly priviliged against workers. The gold standard does the opposite, if prefers savings and workers. Hence Democrats should be fan of the gold standard.
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Why Did Both Silver and Gold Become Money?
Keith Weiner explains why gold and silver, two shiny metals, have become money. They fill different human needs, and evolved through different paths. Money solves a problem called the coincidence of wants. Moreover he looks on the choice between gold and silver.
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America Needs The Gold Standard More Than Ever
The United States needs the gold standard more than ever. The gold standard is neither barbaric nor impractical, and it is more urgently needed every day. This is because the standard of paper money is failing. It has set in motion an accelerating series of crises, each worse than the previous. The nation cannot continue to borrow to infinity, nor can the U.S. endure zero interest much longer.
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Will “the 1%” Accept the Gold Standard?
Keith Weiner explains why the 1% wealth will not like the gold standard, they want to keep achieving trading profits caused by asset price inflation.
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Small Step Forward for Gold In Arizona
On February 4, 2015 Keith Weiner testified before the Arizona House Federalism and States’ Rights Committee in support of HB 2173. The bill would recognize gold and silver as legal tender and eliminates taxes on them.
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