Economists on Governments, Gold, Money and Basel 3 7-11-2021
The Survival Economist
This is Why Governments Hate Gold
They Hate Gold Because It's Not Government Money
Men have chosen the precious metals gold and silver for the money service on account of their mineralogical, physical, and chemical features. The use of money in a market economy is a praxeologically necessary fact.
That gold—and not something else—is used as money is merely a historical fact and as such cannot be conceived by catallactics.
In monetary history too, as in all other branches of history, one must resort to historical understanding. If one takes pleasure in calling the gold standard a "barbarous relic,"1 Lord Keynes in the speech delivered before the House of Lords, May 23. 1944. one cannot object to the application of the same term to every historically determined institution.
Then the fact that the British speak English — and not Danish, German, or French — is a barbarous relic too, and every Briton who opposes the substitution of Esperanto for English is no less dogmatic and orthodox than those who do not wax rapturous about the plans for a managed currency.
The Atlantis Report
The Truth about Gold and Money -- Is Gold Money ?
Premiered 50 minutes ago
The Truth about Gold and Money -- Is Gold Money ?
Money is anything that is generally accepted in payment for goods and services and in repayment of debts.
The main uses of money are as a medium of exchange, a unit of account, and a store of value.
British Clearing Banks Granted Basel Exemption: Gold, Silver, Bitcoin Market Update
Miles Harris: Jul 11, 2021
Miles Harris offers global macro insights and champions the importance of sound money in a world gone crazy.