bank of england

Should we have a hard dollar, backed by gold?

Summary: We’ll hear much from Republicans during Campaign 2016 about the glories of a gold-backed currency. Today’s post debunks that with history from 19th Century Britain, when both men and money were hard.   {1st of 2 posts today} “Accursed thirst for gold! what dost thou not compel mortals to do?” — Virgil’s Æneid (29-19 BC). …

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Not every nation’s leaders lie to their people, always and routinely

Leadership is not just a technical thing, a matter of hiring the right nerds to recommend the right policies.  Leadership is knowing when and how to tell your people unpleasant truths.  Since WWII few American Presidents have had the moral courage — or trust in us — to do. Other nations are more fortunate in …

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