Incompressible

This article is excellent.

Don't know anything about him (yet), but here is a rather fascinating article discussing anarchy, dating from 1891. Good stuff.

Here's another good  update  on gold. I think this author is reasoning about the situation from the correct point of view. When the "masses" become acutely aware of the dollar devaluation, interest in owning gold or silver will increase. Once this happens, gold should spike. No one can predict when this will happen, of course, but sooner or later it has to happen, it's inevitable. All the bailouts, all the "quantitative easing" and so on has to ultimately work itself out sooner or later as massive currency devaluation and, when that shows up at the gas pump and grocery store shelves, people will become aware of price inflation and seeking shelter in gold or silver will become more widespread than it is. One worry could be that the market has already priced this fact in, but I don't think it has for two reasons. First, the price of gold was artificially low during the 90's given the amount of inflation that was occurring. A good deal of the rise in th...

This is one of the most common questions from people who are unfamiliar with the problems of fiat money or convinced that fiat money is desirable. Why gold? Bill Bonner says the following in an excellent article : ... one way or another…sooner or later, a new money system is bound to emerge [in place of dollar hegemony]. Most likely, it will have gold at its base. Why? Because in thousands of years of human experience, nothing better has ever been found. Not that we completely discount the possibility of a better system; humans can be clever. But money is the sort of activity where you don’t want cleverness. You want dumb, honest solidity…you want something that cleverness can’t undermine or circumvent. You want money that smart people can’t fiddle…and that is gold. Well said. The American public does not understand just how much confidence is required in fiat money in order for it to work. And confidence is the basis of any "con scheme", that is confidence scheme. The suppl...