All readers of GOLD-EAGLE know, I hope, that inflation is caused by increasing the supply of “money,” regardless of what form it may take. I must use “money” in quotes, because current “money” isn’t money at all, as it has no value other than as legal tender, meaning we are forced to use it to […]

We all remember the tale of the weaver who made a wonderful cloth which was invisible to one of royal birth or of the nobility. All the others of common status, naturally could see the cloth, and if the Emperor wore his new suit, no one would think him to be naked. He wore his […]

Silly comparison? I think not. First, let’s look at “electricity.” Consider electricity on the left coast especially, and that is California. For years, California regulated electricity to the ultimate degree. No new plants could be built because of absurd “environmental” rules and other artificial heavy baggage. Rates were controlled, as was every facet of the […]

I honestly wish I could agree with the P.C. (non-Austrian) “economists,” who today seem to believe that we are dependent upon Japan! This is about as true as saying that we are dependent on blood sucking welfare recipients for our economic health. Look at the facts, and first of all go back to 1945. When […]

Those of us with a bit of age on us well remember the Standard Oil commercials with the tiger urging us all to “put a tiger in our tank,” meaning of course, that the gas sold by them was powerful, and similar to placing a huge beast in your gas tank. I remember even getting […]

If all the roads were closed, should you sell your Chevy and buy a Ford? If there is a food shortage, should you buy new silver service? If the stock market tanks should you buy bonds? In other words is a so called “flight to safety” selling your Chrysler and buying Treasuries? I say a […]

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 […]

First of all, the cruel depression of the 1930’s did not begin with the stock market crash of October 1929. Although the market had lost 84% of its value in that crash, the depression that rocked America and the rest of the world didn’t really get into full bloom until almost two years later. Ford […]