A year after President Donald Trump’s inauguration, analysts and commentators are assessing both his performance in the first year of his presidency as well as the outlook for the remainder of his first term. Entering office as a surprise winner and a political...
The South Korean government is preparing to move to a cashless society as the Bank of Korea plans to phase out all coinage by 2020. Apparently not all governments are proceeding as quickly as the Indian government. South Korea’s government hopes to get its citizenry...
The following is the prepared version of a speech delivered at the Ron Paul Institute Conference in Sterling, VA. I am here today to talk about one of the most important, but also most overlooked, issues of our day: the relationship between central banking and total...
Despite the lifting of international sanctions against Iran earlier this year, the United States government intends to continue denying Iranian companies access to the US financial system. This highlights how the US financial system is viewed not as a market-based...
The Russian government is readying a new issuance of foreign bonds and has invited non-Russian banks to participate in the bond auction. US banks would like to participate in the auction but have been warned by the State Department that this would violate the spirit,...
We live in a world in which more and more things happen electronically. It is now possible to buy all your clothes online, all your books, all your food, and have them all delivered to you. Online communication allows us to communicate with almost anyone on the...
The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who use cash, but also from the from the aura of suspicion that has begun to pervade private cash transactions. In a normal market economy, businesses would...
Inflation-racked Argentina is preparing to issue larger-denomination banknotes to alleviate critical shortages of cash in the country. What a difference between the Argentine government and most other Western governments, which seek to crack down on the use of cash....
It’s July 17th, which means that Ron Paul’s new book “Swords Into Plowshares” is finally available. And what a book it is. Only the hardest of hearts and most closed of minds could read Dr. Paul’s new book and fail to be convinced of the futility of war. But what...
“When Money Dies” is the title of a 1975 book by Adam Fergusson, in which he describes the downfall of the Reichsmark in Weimar Germany. A fascinating look at that period of history, one can glean quite a few useful pieces of advice on how to survive a currency...
The photos from Greece showing long lines at ATMs are astonishing. Even after the deposit outflows from Greek banks over the past weeks, there are still large numbers of people who are trying to get their money out of the banking system. With the banks closed, ATMs...
The Greek crisis is dominating headlines this week, and promises to be the most important economic and financial topic of conversation through the weekend and into Monday. Neither the Greek government nor the European Central Bank (ECB) seem to be prepared to give an...
Greece and the European Central Bank are currently at loggerheads. The new Greek government wants to lighten its debt burden but the ECB won’t give the Greeks everything they want. Only two weeks into Syriza’s governance of Greece, the ECB has decided to play...
In a perfect illustration of just how ridiculous the US government’s tax policies are, Mayor of London Boris Johnson is being pursued by the IRS for capital gains taxes he owes for selling his residence in London. Apparently Mr. Johnson was born in New York and,...
The New York Times reports that American prosecutors, in the wake of the decision against French bank BNP Paribas, have shifted their attention now towards German banks. Just as in its conduct of foreign policy, the US government fails to appreciate the concept of...
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