The Mythical Problem Of “Finding The Right Gold Price”

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on December 1, 2018.) For decades, we’ve heard this lament that determining a new “price of gold” (dollar/gold parity) in a new gold standard system is some kind of insoluble barrier akin to Fermat’s Last Theorem. This is …

Net Gold Exports, 1913-1937

In Full Archive by Nathan Lewis

This week we will look at Net Gold Exports of major countries, 1913 to 1937. This has some importance regarding monetary “interpretations” of that time. August 25, 2017: The Interwar Period #2: It’s Not That Complicated The source of the data is the Jones/Obstfeld …

The Decline of Rome

In Full Archive by Nathan Lewis

This is another excerpt from my upcoming book, The Magic Formula. It describes, rather briefly, how the decline of the Roman Empire can be seen as a consequence of unstable politics leading to bad economic policy. A more in-depth (but still short) study of …

The Growth Experiment Revisited (2013), by Lawrence Lindsey

In Full Archive by Nathan Lewis

The Growth Experiment Revisited (2013), by Larry Lindsey, was the last book on the “supply side bookshelf” that I hadn’t read. After many years focusing mainly on monetary issues, after I finished Gold: the Final Standard last year I figured I should catch up …

More FairTax Stuff

In Full Archive by Nathan Lewis

A friend recommended that I look at a 2005 study of tax reform options, the “President’s Advisory Panel on Tax Reform.” It is here: 2005 report of Advisory Panel on Tax Reform It has some commentary on the FairTax proposals, beginning on page 207. …

The FairTax

In Full Archive by Nathan Lewis

I decided that it was time to give the FairTax a fair hearing. The FairTax Book (2005), by Neal Boortz and John Linder FairTax: The Truth (2008), by Neal Boortz and John Linder The FairTax Fantasy (2009), by Hank Adler and Hugh Hewitt All …

John Tamny Explores The Expanding World Of Doing What You Love

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on September 26, 2018.) “It was the best of times, it was the worst of times,” said Charles Dickens of France before the Revolution, although he could have been talking about anytime, anywhere. John Tamny makes a case …

The Decline of the Spanish Empire

In Full Archive by Nathan Lewis

This is another section from my upcoming book, The Magic Formula.     The Spanish Empire When the eighteen-year-old Isabella of Castile married the seventeen-year-old Ferdinand of Aragon in 1469, they were so poor that they had to borrow to meet the expenses of …