GoldFinger1969 ✭✭✭✭✭

50% of the country was agrarian farmers during that time. GDP growth surged as immigration surged. Real GDP Growth = Population Growth + Productivity Growth Debt has gone up because demands for entit… (View Post)

Of course....the adjustment burden fell on wages/prices/labor rather than dispersed throught the whole chain of production, the currency, or inflation rates. Since prices/wages are sticky to the down… (View Post)

Roger Burdette's Saint-Gaudens book details some of the cases. One gent tried to get $5,000 in gold from JP Morgan Bank and they took it back. Others sent gold overseas (Abe Kosoff's firm) and were f… (View Post)

If we curse FDR for melting down all those gold coins in the 1930's, it's a bit hypocritical to do it today even with the excuse of "well, they're not valuable dates/mintmarks and they're in low… (View Post)

China imposes capital controls. Whether you can get your money out of the country depends on the CCP. Imagine being able to access an ATM only if the local drug dealer gave his approval. That's what … (View Post)