Is there a shortage of Model A Fords? No. Is there a shortage of housing? No. Is there a shortage of anything that is available for a price which the “market” dictates? No, and that is the basic fact of supply and demand. Unless there is a government control of prices or supplies, there can […]

The power to tax involves the power to destroy.” Chief Justice John Marshall The income tax was begun in 1913 as an amendment to the Constitution, legally ratified by far fewer than the required 36 states. Is it legal? A bit of theft from the extremely rich, which politicians even then had decided, ’didn’t need […]

It’s an old country phrase of course, but a truism, and it can be taken to mean several things in the economic world. As a precious metals broker for many years, my current take on the phrase is that now, just when everyone should be accumulating actual, historic, tangible, fungible, money in the form of […]