Friday News: John Tamny asks us to imagine a world without the “1 Percenters”; Ralph Benko details how the Eichengreen Fallacy (that the gold standard caused or contributed to the Great Depression) misleads some market monetarists- Part 1 and Part 2

Politics and Government

At Forbes.com, John Tamny asks us to imagine a world without the “1 Percenters.”

Monetary Reform

From Forbes.com, Ralph Benko details how the Eichengreen Fallacy (that the gold standard caused or contributed to the Great Depression) misleads some market monetarists- Part 1 and Part 2

At Nasdaq.com, Victoria McGrane believes a GOP senate takeover would put the Fed under a microscope. 

Dallas Fed President Richard Fisher states ‘we might well move to raise rates sooner than thus far assumed.”

At TGSN, Ralph Benko presents part 1 of his interview with John Mueller, one of the most important aides to Jack Kemp.

From the Menger Center, Paul Martin-Foss writes Australia is seeking to become a hub for Yuan trading, become less dependent on the dollar.

World

Russia sharply hikes interest rates in response to rising inflation.