In a lengthy feature detailing the federal investigation into Nowak’s desk, Bloomberg reveals how Nowak’s scheme was exposed to the world after regulators came knocking and former subordinates turned against him…
Greenspan Endorses the Gold Standard…
In his remarkable essay, “Gold and Economic Freedom,” written in 1966, Alan Greenspan stated: Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, […]