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Last week, an Austrian-School economist, Robert Wenzel, gave a speech to the New York Federal Reserve, and separately Bloomberg hosted a television debate between Ron Paul, who is running for the Republican Presidential nomination, and Professor Paul Krugman, one of the foremost advocates of Keynesian economic policy. The debate between ...
As the euro slowed its slide against the dollar and European equity markets rebounded slightly, spot gold price was up slightly to $1,831 per troy ounce with a nice quick rebound from the $1,800 per ounce support level. With the September FOMC meeting approaching and the Fed likely to continue its expansionary monetary policies and with ...
This article was originally published at Mises.org. The other week, when Ron Paul asked the question, 'Do you think gold is money?' Fed chairman Bernanke's answer was a resounding no. So, what is money, anyway? In the simplest terms, money is a commonly used medium of exchange — one that is widely accepted and that serves as an ...
The gold price lost ground yesterday, following news that politicians in Washington are considering a deal to raise the US government’s debt ceiling. The August Comex gold contract fell $4.20 (0.3%) to settle at $1,596.90 per troy ounce. President Barack Obama has now said that he is prepared to countenance a short-term $100 billion ...
With negotiations between Democrats and Republicans in the US Congress on raising the country’s debt ceiling still unresolved, President Obama has again warned of another financial crisis unless an agreement to raise the ceiling is reached. Federal Reserve chief Ben Bernanke has also spoken of a disastrous loss of confidence in the ...
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