Category: gold ivesting

Politics, Not Markets, Makes Banking Unstable

Is fractional-reserve banking inherently unstable? Over at National Review, Edwin Burton, a visiting economics professor at the University of Virginia, argues that the “mismatch between...

Let’s Cut the Budget Nonsense

The Biden administration has floated another bloated budget, one that will put the US national debt at $43.6 trillion by 2033, assuming its optimistic growth...

The unstoppable rise of government rescues

Financial Times/Ruchir Sharma/3-27-2023 “True, it’s no longer politically possible for governments not to stage rescues, but this is a snowballing problem of their own making....