In ancient Egypt, a high priest was the chief priest of any of the many gods revered by the Egyptians. They had such influence of the day that their duties extended beyond religious matters. They advised Pharaohs on political and social matters. In current times monetary policy is set on
In an era of fiat currencies, money printing, and inflation, gold remains one of the few financial assets that has stood the test of time as money. For any asset to be considered money, it must fulfil three functions: 1. A unit of account – allowing goods and services to be
To understand an economy, one of the crucial factors to consider is the impact interest rates have on the economy—specifically, the underlying financial conditions. Many investors mistakenly focus solely on nominal interest rates, missing the critical insights provided by real rates—leading them into riskier investments. Short-term versus Long-term
Trouble in the Treasury Markets and High Inflation Friedrich Hayek, the prominent Austrian economist, believed that normal business cycles are distorted by cheap credit and monetary expansion. These distortions send false signals to investors, leading to malinvestments and asset price bubbles. When the money supply expands rapidly, a boom becomes
News
This is Gold Standard Finance, a brand new site by David that's just getting started. Things will be up and running here shortly, but you can subscribe in the meantime if you'd like to stay up to date and receive emails when new content is published!