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 …

What Is A “Legal Tender Law”? And, Is It A Problem?

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on April 18, 2017.) https://www.forbes.com/sites/nathanlewis/2017/04/18/what-is-a-legal-tender-law-and-is-it-a-problem/#6ac67ec625da   What is a legal tender law? Over the years, there has been some discussion about “legal tender laws” in the United States. I talked to a legal expert about it, and discovered …

What Are Our Stable Money Alternatives?

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on April 6, 2017.) https://www.forbes.com/sites/nathanlewis/2017/04/06/what-are-our-stable-money-alternatives/#2b44579271d9     Let’s say that you wanted a currency that was stable in value – one that did not go up or down in value. This is good, because then you don’t molest …

The Gold Standard in Contemporary Economic Principles Textbooks: A Survey

In Full Archive by Nathan Lewis

Today, we have an interesting paper by James Kimball, who looked at sixty-five economics textbooks for undergraduates to see how they represented the use of gold and the gold standard in monetary systems. It is from 2005, and is available here: https://mises.org/library/gold-standard-contemporary-economic-principles-textbooks-survey Here is …