03. Spain and China: Then and Now
The 15th and 16th centuries marked a significant change for the Spanish economy. With a huge influx of precious metals from South America gave unparalleled purchasing power to the Spanish aristocracy. China is the undisputed importer of precious metals globally. How does historical Spain compare to modern China?
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The Free Market Economics of the Late Scholastics by Thomas E. Woods
The Spanish Scholastics by Jesus Huerta de Soto
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02. The Fallacies of Intrinsic Value
Why do contemporaries still claim gold has intrinsic value? Let’s see how we got here and the proper terms for gold’s valuation.
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The Fallacy of Intrinsic Value by Gary North
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Many pundits and talk show hosts make the mistake of simply transferring the commodity prices of gold and silver to actual prices of goods. The Blue Collar Economist will walk you through the reason why doing so is erroneous.
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The Error of Pricing Goods in Gold
The Batmobile, Value, and Prices
Ben Bernanke’s Bromance by Thomas DiLorenzo
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