BOB HOYE PUBLISHED BY INSTITUTIONAL ADVISORS Address to the Spring Dinner of the Committee for Monetary Research and Education (cmre.org) May 17, 2012 Policymakers Are Getting Margin Calls PDF Many in this assembly would agree that policymaking has been the biggest promotion in history and in recent desperation became unusually reckless. Since the crisis began in 2007, Mother Nature has been issuing margin calls on governments. What’s more, even with the most complacent of taxpayers … Read more
I am no fan of Keynesian economics. I find most Keynesian economic theories to be just plain wrong. But for the sake of truth and accuracy, I would like to correct a terrible injustice levied upon Keynes and, at the same time, also correct an equally terrible injustice that time and again is inflicted upon gold… Full Text
Time to Abolish the International Monetary Fund and the Treasury’s Exchange Stabilization Fund: Documents on Their Origins, Consequences, and Failures With a Roadmap to Abolition. Time to Terminate the IMF and ESF: Declaration for lawsuits challenging the Mexican bailout of 1995, Dr. Anna J. Schwartz Affidavit for appeal of lawsuit challenging the Mexican bailout of 1995, R. Christopher Whalen Hopes Betrayed: The Strange Death of Keynesian International Finance Proposals for Abolishing the International Monetary Fund … Read more
Cost $8.00 plus S/H From Constitutional Republic to Corporate State: The Federal Reserve Board, 1931-1934, by Dr. Walker F. Todd. “The Federal Reserve Board led the way in Hoover’s rethinking of liberal orthodoxy. . . The outcome of the Board’s endeavors was an astonishing array of economic recovery initiatives that scholars have classified, retrospectively, as corporate statist in nature. . .”, pg. 6. A brilliant focus on the years of 1931-1934, with extensive references and … Read more
Cost $7.00 plus S/H The Golden Sextant, by Reginald H. Howe Howe covers the fundamentals of gold loans, arbitrage, and a “modernized gold standard”. His thesis: “Contrary to the predictions of many if not most economists, the closure of the gold window in 1971 did not mark the beginning of gold’s demise as money.” Written in 1993, this is a remarkably prescient essay on the gold markets.
Cost $8.00 plus S/H Constitutional Foundations of American Economic Power, by Dr. Philip D. Bradley The American System or the Corporative State?, by Dr. Edwin Vieira An essential companion piece to Walker Todd’s above. The authors provide analyses of the descent of the government political economy model into corporatism and the difficult monetary and fiscal tasks necessary to extract us from it.
CMRE Monograph No 42 Liquidity by Melchior Palyi PART I: THE LIQUIDITY DOCTRINE OF LIBERALISM Eighteenth century writers either took it for granted that commercial banks must be prepared to meet any demand for redemption of their notes by paying out monetary metal, or else they ignored it; but none of them discussed the economic implications of a short-term credit structure. Since Adam Smith and publication of The Wealth of Nations (1776), short-term credit structure has become … Read more
By Carl Menger, June 1892 Part I: Introduction There is a phenomenon which has from of old, and in a peculiar degree, attracted the attention of social philosophers and practical economists, the fact of certain commodities (these being in advanced civilizations coined pieces of gold and silver, together subsequently with documents representing those coins) becoming universally acceptable media of exchange. It is obvious even to the most ordinary intelligence, that a commodity should be … Read more
CMRE Monograph 39: Constitutional Authority of the States and the President to Intervene on Behalf of Sound Money
by Edwin Vieira, Jr. Introduction The fundamental reason for the involvement of the United States in the present day crisis of international banking is the existence and operations of the domestic corporative-state banking-monopoly known as the Federal Reserve System—and in particular, the essentially unlimited politically uncontrollable license Congress has extended to that System to generate Federal Reserve Notes: the legal tender paper tokens, irredeemable in silver or gold coin or bullion, that today function as … Read more
By HON. HOWARD BUFFETT U. S. Congressman from Nebraska Reprinted from The Commercial and Financial Chronicle 5/6/48 Congressman Buffett stresses relation between money and freedom and contends without a redeemable currency, individual’s freedom to sustain himself or move his property is dependent on goodwill of politicians. Says paper money systems generally collapse and result in economic chaos. Points out gold standard would restrict government spending and give people greater power over public purse. Holds present is propitious time to restore gold standard. Is there a … Read more