Promoting the “gold standard,” even with modifiers such as “classical,” “pure,” “100%” and others, or any monetary regime whereby paper money is “backed by,” “redeemable into,” “pegged to” or in any other way related to gold is a mistake for six reasons: The gold standard is not authorized by the Constitution. The only money authorized […]
Six Reasons Why Promoting the Gold Standard is a Mistake
SUMMARY OF TRADEOFFS BETWEEN GOLD AND PAPER MONEY, PUBLIC POLICY AND INFORMATIONAL ISSUES
Question: What is the purpose of money? The purpose of money is to facilitate the transfer of value over space and time. In other words, we use it to exchange wealth geographically, and to provide for future payment. Without money, which is in effect an intermediate good used for trading, it would become very difficult […]
Larry Parks interviews Fred Sheehan about Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Legacy of Recession
Larry Parks interviews Fred Sheehan about his book Panderer to Power about how Alan Greenspan, as Chairman of the Board of Governors of the Federal Reserve helped lead us to economic ruination. Get Panderer to Power Support FAME
Larry Parks interviews Matthew Bishop, NY Bureau Chief, THE ECONOMIST about his “In Gold We Trust?: The Future of Money in an Age of Uncertainty”
Larry Parks interviews Mathew Bishop, NY Bureau Chief, THE ECONOMIST about his new book (with Michael Green) In Gold We Trust? The Future of Money in an Age of Uncertainty. States Mr. Bishop: ““Let’s have a look at the history of money. Let’s have a look at the role that gold has played in it. […]
Larry Parks interviews James Grant, Editor, Grant’s Interest Rate Observer
Larry Parks interviews James Grant, Editor, Grant’s Interest Rate Observer, about gold, the Federal Reserve, manipulating interest rates, the notion of risk, pension plans not focusing on the risk of currency depreciation. Books by James Grant: The Forgotten Depression: 1921: The Crash That Cured Itself Mr. Market Miscalculates: The Bubble Years and Beyond Money of […]
Larry Parks Interviews Ralph Benko
Ralph Benko, at the recommendation of then-Commissioner Lewis E. Lehrman, was called by the U.S. Department of the Treasury to testify before the United States Gold Commission in 1981 on the constitutional history of American monetary policy. He published thereafter on that subject in the New York State Bar Association Banking, Corporation & Business Law […]
Larry Parks interviews Seth Lipsky, Editor, NY Sun, “It Shines for All: The Gold Standard Editorials of The New York Sun”
“This brilliant book is The Federalist Papers for a gold standard. It succinctly, dazzlingly – and convincingly – makes the irrefutable case for re-linking the battered dollar to gold. Alexander Hamilton would have been impressed – and you will be, too.” — Steve Forbes “Classics of the editorial writing genre — just in time for […]
Larry Parks interviews Seth Lipsky about his book “The Citizen’s Constitution”
Larry Parks interviews Seth Lipsky about his book The Citizen’s Constitution. Pocket versions of the Constitution of the United States of America abound, as do multi-volume commentaries, scholarly histories of its writing, and political posturings of various clauses. But what if you want a delightfully quick, witty, and readable reference that, in one compact volume, […]
Retirement At Risk
Dr. Larry Parks, Executive Director of the Foundation for the Advancement of Monetary Education describes why the United States retirement system is in danger of imploding and how gold can mitigate the disaster that is awaiting the Baby Boomers and countless others. More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11 To […]
Larry Parks Interviews Chris Powell, Secretary/Treasurer Gold Anti-Trust Action Committee, GATA
Among the aspects discussed are the U.S. government’s having authorized itself to rig all markets secretly, the U.S. government documents recently disclosed showing that central banks are trading secretly in all major U.S. futures markets, the other documents GATA has compiled proving the gold price suppression scheme, why the gold mining industry refuses to do […]