Inflation

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Location Turkey. Red pin on the map.
Location Turkey. Red pin on the map.

What’s Wrong With Turkey?

Unfortunately, Turkey has a long history of currency failure, so it would be no surprise if the country were to stack up some new failures today. But, it doesn’t have to be that way. In the past, mostly before 1970, the Turkish lira had long stretches of reliability, and perhaps Turkey will aspire to greatness again. Read More ›
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Sunset view of airplane on airport runway under dramatic sky in Hobart,Tasmania, Australia. Aviation technology and world travel concept.
Sunset view of airplane on airport runway under dramatic sky in Hobart,Tasmania, Australia. Aviation technology and world travel concept.

Air Travel Safety Soars

How do we get cheaper and safer flights at the same time? Because we learn more from every flight. More passengers means more knowledge and more knowledge means more safety. Wealth is knowledge and we’re discovering and creating knowledge at faster and faster rates. Read More ›

Interview With Dmitriy Balkovskiy

Dmitriy Balkovskiy, a Russian businessman, published my first book Gold: The Once and Future Money (2007) in the Russian language. This worked well: Not long after, Russia’s largest television station, Channel One, sent a video crew to my house in Upstate New York to interview me for a big documentary on the world monetary system. Read More ›
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Printing money  - 100 dollar bills
Printing money - 100 dollar bills

“Money Printing” in the 1960s

I was going to do something on the last years of Bretton Woods, involving William McChesney Martin at the Fed, and Presidents Johnson and Nixon. But, to do this properly would take some serious research, which I never got around to. (It would make a nice book.) So, today — the fiftieth anniversary of the official End of the Bretton Woods system on August 15, 1971 — we will instead take a step-by-step approach, piecing together little clues along the way. Read More ›