Author Archives: V. Kurt Bellman

No single factor leads to inflation

The modern phenomenon that we have come to call “inflation” is not one thing with a singular cause; it is actually four related but different things. Continue reading

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Got Gold? Coins? What About a Job?

Today I will discuss the dire societal and economic consequences of seriously considering returning to a commodity-backed (gold-backed) currency scheme. Continue reading

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Historical money definition outdated

I see that it is again time to correct misconceptions about the present-day nature of money.
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Productivity gives value to currency

The numismatic hobby and my subscription to Numismatic News are both sources of many forms of pleasure and useful information. Unfortunately, reading the theories of amateur curbstone economists as they prattle on about the wisdom, or lack thereof, of paper or fiat currency, or indeed its alleged unconstitutionality, is not among them. Continue reading

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