Tag Archives: free market

Swiss Gold Franc – back to the gold standard?

From political fringes to mainstream economic debate

In his article (in German)  (English Google translated version) Von Thomas Jacob, of the Property and Freedom Society (run by Mises Institute people) proposed a gold backed Swiss Franc. You can also listen to Coben Centre Radio interview (direct link to mp3 in the article) on the subject or you can listen to Jim Rickards interview on Kingworld News.

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BitCoin and free market efficiency

The crash

Today, some time in the morning Mt.Gox, the biggest BitCoin exchange, crashed. One of the accounts was hacked and the database with usernames, e-mails and encrypted passwords was leaked. Right now exchange is out of service and administrators try to bring it back, with better security infrastructure in place.
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Competitor for COMEX this May

Free market competition in commodities market

After recent correction in the silver market many commentators have spoken out about possibility of price manipulation by the CME (owner of the COMEX). Since there is no proof of such manipulation therefore I will assume there wasn’t any but many market participants may have different opinion on the subject.

However, any long-lasting manipulation is only possible in a monopoly and since free market does not favor monopolies, so it was only a matter of time before a competitor for COMEX arise. At this time the only practical place for a new commodity exchange is in Asia and on May 18 Hong Kong Mercantile exchange will finally offer an alternative to the COMEX[i].
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