This influential study of the relationship between the prices of gold and other commodities was originally published in 1935. In it the authors attributed the initial cause of the great depression in the US to the reestablishment of the gold standard in many European countries and resulting deflation. The authors' recommendations were successfully implemented by Franklin D. Roosevelt.

This influential study of the relationship between the prices of gold and other commodities was originally published in 1935. In it the authors attributed the initial cause of the great depression in the US to the reestablishment of the gold standard in many European countries and resulting deflation. The authors' recommendations were successfully implemented by Franklin D. Roosevelt.

Gold Value and Gold Prices: 1971 2021 takes the reader on a journey of discovery that includes: Why expert opinions regarding gold prices are often not helpful. A history of gold prices since President Nixon closed the Gold Window in 1971. The macro-economic variables used to empirically model the price of gold. The formula for the Gold Empirical Model that accurately replicated the price of gold since 1971. What the model projects for gold prices from 2014 - 2021. Gold cycles, important ratios, and market bubbles. Why counter-party risk and the Quantitative Easing policy pursued by the Federal Reserve and most other central banks will impact the price of gold and your financial future. Why Fed policies and exponentially increasing debt will force gold prices and consumer price inflation much higher. Central bank gold sales and their impact upon gold prices. You will understand why you must own gold. Then you will learn where, how, and when to both buy and sell gold.

Three letters on the price of gold contributed to the Morning chronicle (London) in August-November, 1809

For the greater part of recorded history the most successful and powerful states were autocracies; yet now the world is increasingly dominated by democracies. In A Free Nation Deep in Debt, James Macdonald provides a novel answer for how and why this political transformation occurred. The pressures of war finance led ancient states to store up treasure; and treasure accumulation invariably favored autocratic states. But when the art of public borrowing was developed by the city-states of medieval Italy as a democratic alternative to the treasure chest, the balance of power tipped. From that point on, the pressures of war favored states with the greatest public creditworthiness; and the most creditworthy states were invariably those in which the people who provided the money also controlled the government. Democracy had found a secret weapon and the era of the citizen creditor was born. Macdonald unfolds this tale in a sweeping history that starts in biblical times, passes via medieval Italy to the wars and revolutions of the seventeenth and eighteenth centuries, and ends with the great bond drives that financed the two world wars.