Monetary System | Astute News

Bitcoin and the Apotheosis of Gold Bugs

November 22, 2020

Bitcoin’s rally is all the news. It’s got the gold bugs all aTwitter as they watch their preferred safe haven asset of choice get upstaged again and again by the upstart, Bitcoin. Every day it seems l…

The Monetary Logic for Gold and Silver

November 18, 2020

Opinion

A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing powe…

Modern Monetary Theory and the Crisis of Capitalism: Part Two

October 29, 2020

Books

This is the second part of an article. Part one is available here. Historically, gold emerged as the money commodity. Over the past century and more, fiat money issued by the state has come to replace…

Modern Monetary Theory and the Crisis of Capitalism: Part One

October 28, 2020

Opinion

This is the first part of a two-part article. Throughout the history of capitalism and its recurrent crises, various theories have been brought forward by “left” theorists who maintain that these cris…

And the Winner is? Deflation

March 12, 2020

Opinion

Back in August I penned a post called, “The Battle of the ‘Flations Has Begun.” With an historic 2000 point drop in the Dow Jones Industrials on Monday in response to Saudi Arabia and Russia declaring…

What the Heck Is Russia’s Central Bank Doing?

December 25, 2018

Opinion

I continue to wonder who Bank of Russia President Elvira Nabuillina works for. Seriously. On Friday, in response to solid growth in Russian economic statistics over the past few months, Nabuillina aga…

On Money, Power and Taxation

October 7, 2018

Opinion

Power and money, money and power, Which is stronger, money or power? Money can give you a lifetime of honey, But power allows you to steal others’ money. Today, I’ll look at money, political power, an…

Money, Fake Money, & Sound Money

August 30, 2018

Opinion

Americans no longer carry gold and silver money in our pockets and purses as our grandparents did. But we still carry the history, legacy, and spirit of those gold and silver coins in our language. “S…