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What would a gold-backed currency do to America?

By / 47 Comments / 24 June 2015

Summary:  The history of gold-based currencies, from Newton to the Great Depression, warns us that they are no panacea. If not carefully structured they can destroy an economy in extremis by preventing radical monetary easing.  This is part two of two looking at gold-based monetary systems, the theory and the history. See part one here. …

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Would a default by the US government help America?

By / 20 Comments / 23 February 2010

Question for the Day “Would a default on Treasuries accomplish what the Balanced Budget Amendment was supposed to achieve, by forcing the government to spend no more than it takes in?  With more collateral damage, of course. . . .” — Glenn Reynolds (The Instapundit, Law Professor at U of Tennessee), source. Contents The short answer Default …

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