gold issues

I started this thread because the Gold standard thread has degenerated into a permanent derailment by certain individuals who have nothing else to say on the subject and can only cry "Conspiracy theorist!" I would therefore request that we please stick to the topic and related information...

The problem with having money linked to a precious metal standard is that mining output of the metal is in no way correlated with demand. Metals are subject to enormous price swings, precisely because high prices incentivise mining development which takes years to complete, so the new supply...

I just want to demonstrate something about money creation and destruction. So, here's a question: Before the Fed existed, banks engaged in fractional reserve banking, not because they were forced to, but because they chose to. Even without a Federal Reserve, banks will engage in fractional...

I came accross Ron Paul's maybe a year or so ago. As I do have an economics background and my specialty being monetary systems, I could assess what he says. Since I'm not living in the US, (you may have noticed I write with an accent) I however know fairly little actually about him. With this...

So, that's all really, how is US currency worth anything? I often think of it as a game with cards and chips, with some end objective for a combination of cards you are suppose to have. In all versions of the game you can trade cards and chips with other players. But in one version you can...