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The Japanization of the European Union

[Opening lecture at the Twelfth Conference on Austrian Economics organized by the Juan de Mariana Institute and the Universidad Rey Juan Carlos, May 14–15, 2019.] Introduction The topic of my lecture today is the Japanization of...

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Why Gold Still Matters

Central bankers dismiss gold as a relic, even as they buy up more of it. Politicians dismiss gold as money they don’t control and can’t expand. Holders dismiss gold as outdated tech. And investors dismiss gold as a...

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