<p>The purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from a prior date.</p>
gonzalo schwarz
Articles
<p>Last week, the <a data-ga-track="InternalLink:http://www.forbes.com/places/va/" href="http://www.forbes.com/places/va/" target="_self" rel="noopener noreferrer">Virginia</a> House of Delegates Rules Committee passed, by an 11 – 1 bipartisan majority, <a data-ga-track="ExternalLink:http://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HJ590H1" href="http://lis.virginia.gov/cgi-bin/legp604.exe?131+ful+HJ590H1" rel="nofollow noopener noreferrer" target="_blank">a bill</a> to establish “a joint subcommittee to study the feasibility of a <a data-ga-track="InternalLink:http://www.forbes.com/places/united-states/" href="http://www.forbes.com/places/united-states/" target="_self" rel="noopener noreferrer">United States</a> monetary unit based on a metallic standard, in keeping with the constitutional precepts and our nation’s founding principles….” </p>
<p>Despite the Fed’s breathtaking <a href="https://blog.independent.org/2011/06/23/the-continuing-puzzle-of-the-hyperinflation-that-hasnt-occurred/">increase of base money</a> since the autumn of 2008, the money stock as measured by conventional concepts such as M2 has not increased greatly</p>
<p>Turkish Gold</p>
<p>Contrary to what the doomsters have been telling us, China’s economy is not on the verge of collapse.</p>
<p>The Federal Reserve’s decision to enter the New Year by extending and enlarging its policy of quantitative easing is another step toward “helicopter money”</p>
<p>Feds boosting stimulus</p>
<p>Bloomberg's recently (and quite rightly) christened "<a href="http://www.forbes.com/pictures/eeji45eegdf/joshua-barro-28-lead-writer-bloomberg-view/">Forbes 30 Under 30</a>" superstar Josh Barro is inside my head.</p>
<p>In order to avert next year’s automatic spending cuts, President Obama has called for a return to President Clinton's higher tax rates on incomes over $200,000 ($250,000 for joint filers).</p>
<p>As an economic crisis manager, Leszek Balcerowicz has few peers. When communism fell in Europe, he pioneered "shock therapy" to slay hyperinflation and build a free market.</p>
