Along with the Democratic takeover of the House of Representatives has come renewed attention towards a monetary theory beloved by many Democrats and their allies, including Bernie Sanders. That theory, Modern Monetary Theory (MMT) posits that a government cannot ever default on its debt because it can just print money to pay off that debt. […]
Continue Reading
While the $20 double eagle gold coins have long gained attention from collectors and investors, the less-appreciated $10 eagle coin was for decades the standard gold coin intended for circulation. The $10 denomination was one of the original gold coinage units described in the Coinage Act of 1792, along with the half eagle ($5) and […]
Continue Reading
The 9mm Luger cartridge, aka 9x19mm Parabellum or 9x19mm NATO, has become perhaps the most popular firearms cartridge in the world. Originally introduced in 1902 by Deutsche Waffen und Munitionsfabriken (DWM) for their Luger semiautomatic pistol, the 9mm Luger cartridge is the most popular cartridge in the United States, just ahead of the .223 Remington/5.56x45mm […]
Continue Reading
With new inflation data coming out this week, the gold price could see a bullish rise if inflation picks up. While official inflation rates always underestimate the actual price increases that most people see, indications of rising inflation could send more investors piling into gold. CPI data from March indicated an 0.4% increase, double the […]
Continue Reading
Everyone who remembers the 2008 financial crisis remembers the role that collateralized debt obligations (CDOs) played in exacerbating the crisis. The way that financial companies packaged together billions of dollars of bad debt, diced and sliced them into securities that they then rated AAA, and sold them to unsuspecting investors seemed to be the epitome […]
Continue Reading
President Trump doesn’t have a great track record in nominating people to the Federal Reserve Board, with several of his picks having decided to remove themselves from contention over the past couple of years. The latest two were his picks to fill the two remaining spots on the Fed’s Board of Governors, economist Stephen Moore […]
Continue Reading
Recent weeks have seen an unusual and highly public airing of dirty laundry from the National Rifle Association (NRA). While staunch supporters of the Second Amendment have known for decades that the NRA isn’t really a principled defender of the right to bear arms, that realization is only slowly beginning to trickle out to the […]
Continue Reading
By now most people realize that the only reason stock markets have done so well over the past few years is because of the Federal Reserve’s loose monetary policy. Low interest rates have spurred companies to issue massive amounts of debt in order for them to be able to buy back their stock shares. In […]
Continue Reading
Most people under retirement age never experienced the days of circulating silver coinage. And even those old enough to remember them never got to experience them as adults, as base metal coinage swiftly replaced silver coins in 1965. But many older Americans remember the days of being able to find Walking Liberty half dollars in […]
Continue Reading
While the 7.62x51mm NATO cartridge was intended to replace the .30-06 Springfield as the standard American service cartridge, it didn’t even last a decade before being replaced by the 5.56x45mm cartridge. While that might have spelled the end for lesser cartridges, the 7.62x51mm/.308 Winchester has hung on to remain one of the most popular rifle […]
Continue Reading
