Mike Hewitt

Contributor since: 26 Feb 2010

Contact Contributor

Biography

• Quantitative Easing is Nothing New

  Published 30 January 2011 | viewed 0 times

  The term 'quantitative easing' is just the newest term to describe the on-going central bank policy of increasing money supply.     Greetings. There has…

• Can Paper Bring Prosperity?

  Published 10 December 2010 | viewed 0 times

  A short description of money and historical examples where forms of which were not a good store of value ended in economic disaster. JULIA: Welcome…

• Confiscation Through Inflation

  Published 08 December 2010 | viewed 0 times

  A monologue on currency devaluation through the process of inflation. Greetings, I would like to talk about a subject of which I believe to be…

• How The Banking Industry Works

  Published 07 December 2010 | viewed 0 times

  Julia Sanders interviews Thomas Lloyd, an investment banker of ABC Wealth Management, resulting in a satiric exposition of the banking industry. JULIA: Welcome to tonight's…

• Quantitative Easing - Office Discussion

  Published 07 December 2010 | viewed 0 times

  Two office co-workers discuss the reasoning of newest round of quantitative easing by the U.S. Federal Reserve. STEVE: So, it seems as though they have…

• What Has Government Done to the Dollar?

  Published 18 November 2009 | viewed 4,006 times

  "No legal tender law is ever needed to make men take good money; its only use is to make them take bad money." (Stephen T.…

• Central Banks Increasing Gold Reserves

  Published 18 November 2009 | viewed 2,880 times

  Since 1991, central banks around the world have collectively reduced their gold holdings by some ten percent. However, it now appears that attitudes are changing.…

• What's Wrong With Declining Prices?

  Published 16 November 2009 | viewed 3,193 times

  Perhaps the most persistent modern monetary fallacy is the belief that economic growth must be accompanied by a corresponding growth in the money supply. This…

• Expansion of Global Currencies

  Published 13 November 2009 | viewed 2,812 times

  The expansion of global currencies has exceeded nine percent over the last year. This essay investigates which currencies are contributing the most to this development.…

• Tungsten as a Gold Substitute

  Published 11 November 2009 | viewed 6,478 times

  In early 2008 it was reported that at least some of the gold bars in the vaults at the National Bank of Ethiopia were fake.…

• Gold and Cadillacs

  Published 09 November 2009 | viewed 3,271 times

  While gold is not commonly considered as a medium of exchange like paper currency, it still acts as an excellent store of value. On August…

• India Buys Half of IMF's Gold for Sale!

  Published 03 November 2009 | viewed 4,403 times

  On November 3, 2009, the Reserve Bank of India (RBI) announced the purchase of 200 tonnes of gold from the International Monetary Fund (IMF) for…

• Yuan to Swap?

  Published 30 October 2009 | viewed 3,011 times

  On March 23, 2009, China made public announcements to overhaul the global monetary system, thereby questioning the role of the US dollar as the reserve…

• Analysis of 100 Currencies

  Published 26 October 2009 | viewed 3,500 times

  As of September 2009, the total amount of physical paper bills and coins throughout the world is approaching US$4.5 trillion. The following figure indicates the…

• How Much Money is There?

  Published 25 June 2009 | viewed 5,505 times

  There are several different monetary aggregates used to measure a nation's money supply. These monetary aggregates can be thought of as forming a continuum from…

• Money Supply and Purchasing Power

  Published 27 February 2009 | viewed 6,224 times

  Published originally on DollarDaze.org - Feb 23, 2009. 1. Introduction In this paper, we analyze the value of money. We consider both paper money and…

• Monetary Policy and the U.S. Dollar

  Published 13 February 2009 | viewed 4,192 times

  Published originally on DollarDaze.org - Feb 10, 2009. One of the chief mandates of the U.S. Federal Reserve is to manage the nation's monetary stock.…

• The History of Money: Peru

  Published 03 February 2009 | viewed 5,979 times

  Published originally on DollarDaze.org - Feb 2, 2009. This article is part of a series titled The History of Money being produced by DollarDaze.org. Peru…

• Seigniorage ("The Inflation Tax")

  Published 29 January 2009 | viewed 4,177 times

  Before becoming Governor of the Federal Reserve, Ben Bernanke co-authored several text books familiar to college students studying economics. In one of these text books,…

• Worthless Trillion Dollar Paper

  Published 16 January 2009 | viewed 5,247 times

  Recently Zimbabwe announced that it will issue a new set of notes which will include a 10 trillion, 20 trillion, 50 trillion and 100 trillion…