The “Gold Sterilization” of 1937

In Full Archive by Nathan Lewis

Today, we will start investigating the U.S. recession of 1937, and along with that, claims that the Federal Reserve caused it by some sort of misbehavior. As is our usual practice, we will begin with just looking at some general information about that time. …

Don’t Fear The Robots, Fear Low Savings And Investment

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on June 14, 2017.) https://www.forbes.com/sites/nathanlewis/2017/06/14/dont-fear-the-robots-fear-low-savings-and-investment/#12c4f1e32f79   Ever since the dawn of the Industrial Revolution, in the 1780s, mechanization has been destroying jobs. That is not only its aftereffect, but its primary purpose, also known as “labor-saving.” Over time, …

Thoughts on the Liberal Arts Program in Economics and History

In Full Archive by Nathan Lewis

Naturally, you have noticed that I am offering what amounts to an alternative to the typical four-year undergraduate education today, what I’ve called the “Liberal Arts Program in Economics and History.” I think it is a little shocking for most people to even conceive …

Introducing Gold: the Final Standard

In Full Archive by Nathan Lewis

Gold: the Final Standard (2017), my third book about monetary topics, is now available in both eBook and print formats. I thought I would say a few words about how it came about. It forms the third book of a sort of “gold trilogy,” …

The One Thing The Left And Right Agree On: Leave Me Alone!

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on May 30, 2017.) https://www.forbes.com/sites/nathanlewis/2017/05/30/the-one-thing-the-left-and-right-agree-on-leave-me-alone/#4ee865f27bdb   There isn’t much that the Left and Right agree upon these days, but there is one thing that they seem to share: an increasing trend toward “federalism,” which, oddly enough, means that …

The Fed’s 1932 Bond-Buying Experiment

In Full Archive by Nathan Lewis

Today we will be looking a little more closely at the Federal Reserve’s bond-buying experiment of 1932. The Federal Reserve came under considerable political pressure that they “weren’t doing anything” or in one way or another should address the problems of the day with …

More on the Depression of 1921

In Full Archive by Nathan Lewis

I sure have been talking about monetary topics exclusively for a long time now. It will be nice to talk about something else someday. But, it is apparent that there is still quite a bit more work to do regarding the Interwar Period. First, …

Our Three Monetary Futures — Haven’t Changed Much Since 1944

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on May 2, 2017.) https://www.forbes.com/sites/nathanlewis/2017/05/02/our-three-monetary-futures-havent-changed-much-since-1944/#196349062e5d   One of the interesting themes that I took away from attending the Kemp Foundation’s Kemp Forum on Exchange Rates and the Dollar, on April 20 in Washington DC, was that there are …

The Liberal Arts Program in Political Economy and History

In Full Archive by Nathan Lewis

Many young people and their parents, surveying the landscape of U.S. higher education today, have substantial misgivings of even the top tier of U.S. colleges and universities. A few are ready to do something about it. The Vega Institute of Political Economy offers a four-year, full-time …