Peter Francis Fenwick

This blog is about sound money. It discusses deficit spending, inflation, interest rates, central banks, and whether gold may soon replace the US$ as the world’s reserve currency. It proposes that we would be more prosperous if we were free to choose our preferred currency, and borrowers and lenders were free to set their own interest rates. Sound money is essential for our liberty and our economic well-being.

We are pleased when the Reserve Bank keeps interest rates on hold at their low, low levels. For we know that low interest rates encourage...