The hottest Gold Standard Substack posts right now

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The Specie Flow Mechanism

David Friedman’s Substack • 170 implied HN points • 07 Jan 26
💰 Finance Gold Standard
  1. When countries use the same money, trade deficits cause specie (gold) to flow and change domestic price levels, and those price changes naturally push trade back toward balance.
  2. Capital flows can offset trade imbalances, so a country can run a persistent trade deficit if it attracts enough foreign investment; equilibrium is reached when a country’s trade deficit equals its net capital inflow.
  3. In a multi-currency world exchange rates adjust quickly while price-level changes under a single currency affect debtors and creditors, and governments or central banks can temporarily intervene with reserves or money supply but cannot sustain those interventions forever.

Monetary Policy Is Monetary Piracy

QTR’s Fringe Finance • 28 implied HN points • 06 Jan 26
💰 Finance Gold Standard
  1. State-run monetary policy acts like theft because creating money for private banks concentrates wealth with insiders and helps cause recurring financial crises.
  2. Money and banking should be separated from the state; legal tender laws and special banking privileges (like protections for fractional-reserve lending) enable monetary piracy and should be repealed so people can choose competing currencies.
  3. A free market for money, grounded in private property and competition, would produce sounder money and make financial actors accountable to customers rather than the state.

The Gold Standard Is Back: BRICS To Intro Gold-Backed Reserve Currency

QTR’s Fringe Finance • 28 implied HN points • 10 Jul 23
💰 Finance Gold Standard
  1. BRICS countries are planning to introduce a gold-backed reserve currency, challenging the US dollar's dominance.
  2. The move could lead to a devaluation of fiat currencies and pose a shock to the global fiat money system.
  3. This announcement is part of a larger plan to de-dollarize and shift away from the US dollar as the world's global reserve currency.

The Federal Reserve and the War on Health Freedom

Harnessing the Power of Nutrients • 0 implied HN points • 07 Feb 09
💰 Finance Gold Standard
  1. The Federal Reserve plays a significant role in redistributing wealth from the poor and middle class to the rich, benefiting corporations closely tied to the government.
  2. Through fractional reserve banking, the Federal Reserve creates money out of thin air, leading to inflation, which decreases the value of the dollar and disproportionately impacts the working population.
  3. The welfare state, backed by the Federal Reserve, has facilitated wars on cholesterol and health freedom, impacting public welfare under the guise of promoting it.

Extension of inflation model before 1948

America in Crisis • 0 implied HN points • 07 Feb 23
💰 Finance Gold Standard
  1. The historical analysis shows how money flows, such as trade surpluses and fiscal deficits, can impact inflation and economic stability.
  2. The gold standard had a notable impact on economic conditions, causing deflation and influencing policies like interest rates and money supply.
  3. Active economic policy interventions, like wage and price controls during wartime, demonstrated effectiveness in controlling inflation and stabilizing the economy.
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