When Ben Bernanke gave his speech to the London School of Economics on Tuesday, our reporter was on the scene. Terry Easton put a tough question to America’s central banker: aren’t your interventions just making the situation worse, he wanted to know. Amid the blah…blah…blah…of Bernanke’s response was this: “The tendency of financial systems to boom and bust …is a very long-standing problem… but I think it’s very important for us to try to put out the fire…then you think about the fire code.” In his 1988 book, The Collapse of Complex Societies, Joseph Tainter argued that all societies — … Continue reading Gold to Silver to Paper