Welcome to The Gold Exchange with Keith Weiner, where we untangle market and policy complexity using timeless economic principles.
Why The Dollar Isn't Money - PART 2
In episode 6, we introduced the distinction between money and fiat currency, discussing what gives the dollar – or any fiat currency – its value. Now, we continue that conversation discussing additional characteristics of money, and illustrate how a false definition of money can lead to a corrupt state that wields blank checks.
Gold Bonds Are Back, Baby!
Once upon a time, gold bonds were the norm. They effectively financed productive enterprise & generated income for bondholders - until 1933. And although it has taken 87 years, the gold bond market is reemerging.
Why The Dollar Isn't Money
Despite what Google Images serves up, money and currency are not the same thing. This view differs from that of mainstream economists, and this episode illustrates how those mainstream misconceptions might materialize to everyday folks. So what is it today that gives the dollar - or any fiat currency - its value? And how do we plan for the possibility that its value could change significantly?
Why GDP is a Poor Measure of Economic Health
The problem with GDP is that government consumption of private capital is positive. And with the government gradually taking over all aspects of the economy, even a small cut in spending can send workers to the unemployment line and shutter businesses.
The Dismal Science of Economics
Economics has been called the dismal science. It doesn't seem to have the same respect as other fields of "real" scientific study. Why is that? John Flaherty & Keith Weiner discuss a number of reasons.
The Economic Impact of COVID: Stateless vs Stateful
"Seems like things are getting back to normal." Not exactly. Folks with that view are not looking very closely. But we are.
Customer ReviewsSee All
In an industry that is often derided as being populated by hucksters and conspiracy theorists, Keith and his team are a breath of fresh air. Keith’s economic analysis and way of thinking are underrepresented in the marketplace of ideas, and (while I was not one of those requesting it) I’m certainly glad for the opportunity to subscribe to this podcast.