As we move forwards towards a gold standard, we will need many new innovations (as well as a rediscovery of old things that have long been forgotten). At the Gold Symposium in Sydney Australia, I saw an exhibitor who has a new, innovative product. They have thin sheets (almost like wafers, especially the gold ones). [...]
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Duration Mismatch Will Always Fail
I have written a number of pieces on fractional reserve banking and duration mismatch. I have argued that the former is perfectly fine, both morally and economically, but the latter is not fine. I have dissected the arguments made against fractional reserve banking, and pointed out that it is nothing more than a bank lending [...]
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