Watch the full 28-minute video at http://www.goldmoney.com/rallo-macleod-interview. In this video Juan Ramón Rallo, economist and university professor in Madrid, and Alasdair Macleod of the GoldMoney Foundation talk about silver’s monetary role.Rallo says that Silver used to be a monetary asset in the past and still has a role for lower payments, however, he doesn’t see as strong monetary demand for silver as there is for gold – making it riskier in the short term as shown by its higher volati...
Watch the full 28-minute video at http://www.goldmoney.com/rallo-macleod-interview. In this video Juan Ramón Rallo, economist and university professor in Madrid, and Alasdair Macleod of the GoldMoney Foundation talk about the role of gold as money.Rallo states that fiat money does not lead to equilibrium, because it does not fulfill the basic functions of money. Therefore the market is always on the lookout for assets which can be used to fulfill these money functions. This is what caused rece...
Watch the full 28-minute video at http://www.goldmoney.com/rallo-macleod-interview. In this video Juan Ramón Rallo, economist and university professor in Madrid, and Alasdair Macleod of the GoldMoney Foundation talk about Europe and the ECB.While Rallo thinks that the ECB will finally resort to money printing, the right thing to do would be to privatise public assets in order to bring down debt levels. However Macleod points out that it will be difficult to find buyers if everybody starts sell...
Watch the full 27-minute video at http://www.goldmoney.com/schwartz-macleod-interview. In this video Pedro Schwartz, professor of Economics at Madrid’s San Pablo University, and Alasdair Macleod of the GoldMoney Foundation, talk about savings and consumption. Schwartz talks about the connection between savings and investment, a point that is often overlooked in his view. There is no opposition between savings and consumption, as savings will eventually be used for consumption. Schwartz says th...
Watch the full 27-minute video at http://www.goldmoney.com/schwartz-macleod-interview. In this video Pedro Schwartz, professor of Economics at Madrid’s San Pablo University, and Alasdair Macleod of the GoldMoney Foundation, talk about the problems in Italy and Spain. Macleod states, that the problem with financing Europe’s debt is basically that the central bank can’t support sovereign debt by printing money. Schwartz brings up the possibility of severe cuts in state expenditures to create bud...
Watch the full 27-minute video at http://www.goldmoney.com/schwartz-macleod-interview. In this video Pedro Schwartz, professor of Economics at Madrid’s San Pablo University, and Alasdair Macleod of the GoldMoney Foundation, talk about the debt crisis in Europe, with special emphasis on the outlook for Spain and Greece. Schwartz says he witnessed many crises in Spain, but also how they were overcome. If the newly elected government does the right thing then the Spanish economy and society could...
Watch the full 12-minute video at http://www.goldmoney.com/bagus-interview. In this video Philipp Bagus, Assistant professor of Economics at Madrid’s Universidad Rey Juan Carlos and author of The Tragedy of the Euro, talks about the problem of moral hazard within the eurozone. There is an incentive for governments to impose the cost of government spending on the holders of the currency. Since central banks are presently in the business of financing governments, immediate defaults by government...
Watch the full 21-minute video at: http://www.goldmoney.com/bagus-macleod-interview. In this video Philipp Bagus, Assistant professor of Economics at Madrid’s Universidad Rey Juan Carlos and author of The Tragedy of the Euro, and Alasdair Macleod of the GoldMoney Foundation talk about the dollar, inflation and sound money. Amid the ongoing expansion of the money supply and persistent deficits, Bagus can’t see the dollar gaining in value over the medium to long term. He also says that ECB polic...
Watch the full 21-minute video at: http://www.goldmoney.com/bagus-macleod-interview. In this video Philipp Bagus, Assistant professor of Economics at Madrid’s Universidad Rey Juan Carlos and author of The Tragedy of the Euro, and Alasdair Macleod of the GoldMoney Foundation talk about structural imbalances between eurozone countries. Bagus says that as long as the incentive for running deficits exists there won’t be an increase in countries’ savings rates. Macleod points out that there is grea...
Watch the full 21-minute video at: http://www.goldmoney.com/bagus-macleod-interview. In this video Philipp Bagus, Assistant professor of Economics at Madrid’s Universidad Rey Juan Carlos and author of The Tragedy of the Euro, and Alasdair Macleod of the GoldMoney Foundation talk about possible solutions to the euro crisis. Bagus points out that there are basically three different ways to go about it. Firstly, governments could make drastic cuts in public spending and privatise public assets in...