Alasdair Macleod speaks to James Turk about Sound Money.
Most people don’t understand sound money.
Inflation is destroying the value of money and people’s savings.
The low interest rate added to inflation absolutely decimated savings.
In a free market with sound money steady upward progress has been only occasionally interrupted by free market problems.
However now the free market has been supplanted by central bank and government manipulation.
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Subscribe to the GoldMoney newsletter at GoldMoney Newsletter. Alasdair Macleod, of http://financeandeconomics.org, and James Turk, Director of the GoldMoney Foundation, talk about about the importance of savings and how currency debasement destroys savings and the middle class, killing growth.
They talk about the sovereign, the gold standard and price stability. How long term growth is compatible with a stable money supply and even with prolonged deflation.
They explain how central bank interest rate manipulation through credit creation creates the business cycle and misdirect investment. Alasdair explains how in British history, absent the central bank, continuous growth and sound money helped create the most prosperous nation in the world. James explains the importance of the Rule of Law for stability and prosperity.
Alasdair’s articles on GoldMoney’s website can be read here: http://www.goldmoney.com/author/alasdair-macleod.html
This interview was recorded on August 5 2011 in London.
Video Rating: / 5
Don't write anything to Macleod, he so rude & never responds so I'm not interested what he has to say.
@GoldMoneyNews Hey. That's great. I've read some of his blog page articles and I like his writing. Thanks very much for the link. Should be interesting.
@zalida100 Hi, good point. We've just updated the video description. You can see the link to his articles there. Thanks for the feedback.
Hey James, you said Alisdair writes for your website. I can't find where his articles are on your website. Could you give a link to his articles? Thanks. (Great interview).
Sound Money – a term often mentioned but sometimes not understood. Good Explaination.