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Fiat “Money” is Backed by Nothing: End the Fed from the Bottom Up

November 20, 2019 Federal Reserve 0

By: Michael Boldin At one time, the U.S. monetary system was backed by gold. Now it’s not backed by anything. A recent poll shows that only 7% of people go ...

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Today in History: Nixon Slams Shut the “Gold Window”

By: Mike Maharrey Today in history, on August 15, 1971, President Richard Nixon slammed shut the “gold window” and eliminated the last vestige of the gold standard. Nixon ordered Treasury ...

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Fight for 15 is the Wrong Battle in the Wrong War

July 28, 2019 Commerce Clause / The Fed 0

By: Mike Maharrey The U.S. House recently passed a bill to gradually raise the minimum wage to $15 per hour by 2025. The move simultaneously taps into both constitutional and ...

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Why Do Central Bankers Oppose a Gold Standard?

July 19, 2019 Economy / Federal Reserve 0

By: Mike Gleason Federal Reserve Chair Jerome Powell’s testimony before Congress was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” ...

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