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Blog

The Fed is Not our Only Option

For those who follow the arcane world of monetary policy, the U.S. Federal Reserve remains a shadowy institution with immense power, yet shockingly little oversight. Despite its 100 year history, the Fed has never been fully audited, and although a bill to do that very thing is languishing in the Senate right now, Harry Reid shows little inclination to bring it to a vote.

10/24/2014
Your Guide to the National Debt (Part 3)
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Blog

Your Guide to the National Debt (Part 3)

The problem of the national debt can seem overwhelming. How do you address $16.4 trillion in gross debt, or even $11.5 trillion in debt held by the public? Congress is gridlocked, President Obama doesn't want to deal with it, and the Congressional Budget Office estimates that we will spend $3.554 trillion this fiscal year, thereby adding another $641 billion to the debt. Caught in such a difficult situation, the problem appears insurmountable.

01/11/2013
Monetary Policy Failure: Forty Years of Fiat Currency
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Blog

Monetary Policy Failure: Forty Years of Fiat Currency

On this day 40 years ago, former President Richard Nixon suspended the convertibility of the U.S. dollar into gold. The decision, which radically changed the global monetary system, still holds enormous ramifications for every single American today. The money in our pockets would be worth more if Nixon hadn’t cut the link between U.S. dollars and gold.

08/15/2011
Montana's Sound Money Bill
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Blog

Montana's Sound Money Bill

Montana's representatives have passed a sound money bill through the state's House.  The bill would allow gold currency to compete with Federal Reserve Notes in the state.  The bill reads, "the state may not require but shall allow a person to recognize, receive, pay out, deliver, promise to pay, or otherwise use or employ gold and silver coin or electronic gold currency as media of exchange."

03/23/2009