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“Inflation is always and everywhere a monetary phenomenon.” — Milton Friedman. First, we should observe the circumstances under which hyperinflation can occur. Hard Specie A government using a hard specie such as gold and silver coins, still tends, as a natural result of beaucracy, to spend more than its revenues. However, the laws of pysics […] I sent the following letter to Mike Maloney, CEO of GoldSilver and WealthCycles. Let’s see if he answers back. Promotion of silver as a form of money. You and I both share a preference for the GOP candidate Ron Paul, who advocates a return to hard money. His ‘End the Fed’ campaign has successfully […] |
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