Tag Archives: economics

An Open Letter to Peter Schiff

Dear Peter, I just wanted to say first of all that I’m a massive fan of yours. I’m not sure if it’s your paranoid tone, the way your face undulates like a stormy sea as you speak or if it’s simply because you’ve decided that, instead of the innocuous “Pete” appellation commonly adopted by those […]

Problems With the Gold Standard

Explanation of the gold standard’s problems. I would like to thank Schmitt Van Dean for contributing to this article. When discussing the virtues of a gold standard, advocates almost always lead with a variation on this question. Why don’t governments operate with collateral – ie a gold or silver backing – in their money printing […]

The Tale of Bob

Tale of Bob, The Blue Collar American Worker Ben Garrido Bob was driving his one ton duly pickup truck out of his highly mortgaged driveway to work when he received a call from his employer, Global Bicycles. “We’re sorry, Mr. Bob. We regret to inform you that your position is no longer available.” “How did […]