Showing posts with label Thomas Edison. Show all posts
Showing posts with label Thomas Edison. Show all posts

Friday, August 30, 2019

Gold Reminds Governments That They're Still Not In Control — Jeffrey Snider


This is not your typical gold buggy "argument" against MMT although it is pro-gold standard. Jeffrey Snider goes through the history and lays out a case. It is worth a read. 
Edison was exactly right about the nature of gold as money. Everything boils down to who gets to control it. If you believe as Edison and Ford the government can be and most often is a force for good, then monetary restraint is a barbarous evil. But what if the government is populated, always, by bumbling incompetents masquerading themselves as technocratic geniuses?
Real Clear Markets
Gold Reminds Governments That They're Still Not In Control
Jeffrey Snider | Chief Investment Strategist of Alhambra Investment Partners

Thursday, March 8, 2012

Thomas Edison on energy sources


“We are like tenant farmers chopping down the fence around our house for fuel when we should be using Nature’s inexhaustible sources of energy--sun, wind and tide. I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that.” — Thomas A. Edison

(Although this is widely quoted, I have not been able to find a citation of the original)