Inflation

saving energy and money concept. idea for save or investment. businessman holding lightbulb beside piggy bank and coins stacking on desk with note book.

^{Gale Pooley and George Gilder
May 2, 2025
Abundance

3}

The Virtues of the “Knowledge Theory of Value”

_{Gale Pooley and George Gilder
May 2, 2025
Abundance

3}

Kevin Hoover suggests that William Nordhaus relied on the labor theory of value in his paper on light (Letters, April 24). Yet Nordhaus actually used knowledge, not labor. He offered a method to measure innovation: the discovery and sharing of valuable new knowledge. Nordhaus measured the amount of knowledge per unit of time and observed that knowledge about light was growing exponentially, surpassing traditional measures of economic development. It is the time price over time that truly deserves our attention. Read More ›

gold bullion bars on usd money bills. Success concept

^{Nathan Lewis
March 12, 2025
Inflation

5}

Another Round of Inflation on Deck

_{Nathan Lewis
March 12, 2025
Inflation

5}

When we wrote this in 2022, it took about $1800 to buy an ounce of gold. Today, it is more like $2900. That implies an $1800/$2900=0.621 or a 38% decline in dollar value over that period. Prices will eventually adjust, over a period of years, to the new, lower value of the currency, with some prices moving faster and some moving slower. “All things being equal” (they never are but it is a good principle), we should expect a $2900/$1800 or 61% rise in prices of goods and services going forward, compared even to the inflation-boosted prices that we have had to get used to in 2022-2024. Read More ›

^{Nathan Lewis
June 5, 2024
Inflation, Politics

6}

Time to Take Sound Money to the Federal Level

_{Nathan Lewis
June 5, 2024
Inflation, Politics

6}

The idea of “Sound Money” — this means using gold and silver as money — has been persistently popular among the states for over a decade. Beginning with Utah in 2011, one state after another has removed barriers and impediments to using gold and silver, and digital or other alternatives based on gold and silver, in a monetary role. With over 40 states now having passed some kind of Sound Money legislation, it is now time to take on the federal government. Representative Alex Mooney (R), of West Virginia, recently introduced the Monetary Metals Tax Neutrality Act, HR 8279, into the US House. The bill aims to repeat, at the federal level, what has already been accomplished in many states. Read More ›

^{Scott S. Powell
April 9, 2024
Growth, Wealth Creation

5}

The U.S. Has No Choice but to Undertake Radical Economic Change

_{Scott S. Powell
April 9, 2024
Growth, Wealth Creation

5}

Burdened with $34.5 trillion in national debt that is currently growing by $1 trillion every 100 days, the U.S. economy is headed for disaster. It falls on the next administration to change that trajectory while also introducing policies that increase and broaden economic growth and wealth creation for everyone. Read More ›

^{Gale Pooley
November 15, 2023
Growth

2}

For The Time It Took To Get One Mile In 1980, You Get 2.29 Today.

_{Gale Pooley
November 15, 2023
Growth

2}

While the nominal price of a gallon of gasoline has increased by 183 percent, the time price has actually dropped by 29 percent. Read More ›

^{Scott S. Powell
March 20, 2023
Inflation

6}

The Greatest Risk to Americans Is the Federal Government, Not Bank Failures

_{Scott S. Powell
March 20, 2023
Inflation

6}

It's far better for America’s citizenry and businesses to have the strength and resourcefulness that comes from free exchange of ideas and information, creativity, honesty, and self-reliance than to have a dependence on a profligate and corrupt government. Read More ›

^{Nathan Lewis
August 8, 2022
Inflation

8}

What Is “M2,” And Why Should We Care About It?

_{Nathan Lewis
August 8, 2022
Inflation

8}

Of the various “monetary aggregates” (at one point, I think over thirteen were identified), “M2” is perhaps the most commonly referenced. It is supposedly important. But why? To answer that, we have to first figure out what it is. Read More ›

^{Debra J. Saunders
June 8, 2022
Inflation

3}

The Student Loan Party

_{Debra J. Saunders
June 8, 2022
Inflation

3}

President Joe Biden is poised to forgive $10,000 in student loan debt for borrowers who earn less than $150,000 per year, or $300,000 per couple, according to multiple news reports. Read More ›

^{Scott S. Powell
April 28, 2022
Inflation

5}

Mounting U.S. Debt and Misguided Foreign Policy Risk a Dollar Doomsday

_{Scott S. Powell
April 28, 2022
Inflation

5}

The U.S. dollar is getting perilously close to losing its status as the world’s reserve currency, and there is less room than ever for error on the international stage. Read More ›

^{Nathan Lewis
January 16, 2022
Inflation

9}

What’s Wrong With Turkey #2: Making It Way Too Complicated

_{Nathan Lewis
January 16, 2022
Inflation

9}

Recently, we took a look at the Central Bank of Turkey’s balance sheet, to get an idea of what has been going on, and what to do about the sudden decline in the foreign exchange value of the Turkish lira. Read More ›