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In State Street s BBH deal, niche meets bulk | Asia Asset Management
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The Federal Reserve hides price inflation, but why?
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Today marks 50 years since President Richard Nixon closed the “gold window,” ending the ability of foreign governments to exchange United States dollars for gold. Nixon’s action severed the last link between the dollar and gold, giving the U.S. a fiat currency. America’s experiment with fiat has led to an explosion of consumer, business, and especially government debt. It has also caused increasing economic inequality, a boom-bubble-bust business cycle, and a continued erosion of the dollar’s value. Nixon’s closure of the gold window motivated me to run for office. Having read the works of the leading Austrian economists, … Continue reading →
Former deputy prime minister and Kiwisaver architect Sir Michael Cullen dies
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