Monday I’ve received a couple comments (one from the US and one from Italy) re the rise in the price of Gold in India, due to the overnight ban on the common denomination Rupee notes. Some points to understand… 1 It is not, as claimed, an attempt to stop corruption; stop corruption in India and the whole country will grind to a halt. Only a small percentage of … [Read more...]
The Quality of Money
There are innumerable factors that can cause prices to rise or fall. Only one of them is a constant – government regulations that cause prices to rise. Even taxes go down, for a while, occasionally. New regulations never cease. Every single piece of government regulation adds to the costs of business. Regulation remorselessly drives business costs higher and, in … [Read more...]