Gold Standard vs. Credit Standard

This article won’t go into a detail explanation, but if you do the work to think through all the outworkings of a gold standard compared to the current credit standard, you’ll see that the difference between them is quite stark: Gold Standard Savings Rewards Investment Long Term Planning Stable Growth Consistent Prices Values Labour Upward…Read More

Beyond Peak Gold

Gold mine production has historically grown at about 1.5% a year, roughly the rate of population growth of the world. However new deposits and particularly new economic deposits have become increasingly rare. This raised the question of whether we are at or past peak gold output. This article will line out some of the areas…Read More

What Else Happened In 1971?

The 1971 closing of the gold window, moved the world from a gold-based monetary system to a fiat-based system. Credit expansion then lead to indiscriminate debt and consumption replacing careful savings and investment, and many unintended consequences; economic, social, and environmental. Inspire by 1. Obesity Increase Due to excess consumption encouragement from increased debt, food…Read More