- Principal of Kiku Capital Management LLC
- Pro to the question "Should the United States Return to a Gold Standard?"
“The best system, as always, is the one that maintains the greatest stability of currency value, over a week, month, year, decade, or century. It should also be easy to implement and cause no disruption on its introduction. As for accomplishing this task, even today there are no serious challengers to a gold standard, not even in the form of a proposal, and certainly none that have weathered the test of history. There is no reason to discard the hard-won knowledge of generations of human experience. The hard-money system of the future will be based on gold, just as were the hard-money systems of the past…
A return to hard money would eliminate, as much as is possible, the monetary distortion of the price information that guides the actions of the citizenry. Success and failure would once again be determined by relative merit in the market economy, not by erratic changes in the value of the currency. Capital would be deployed more accurately, and productivity would increase…
As the political tide flows away from soft money and toward hard money, when the wheel has turned once again as it has so many times in the past, the economic intelligentsia will sense the change and produce a flood of rationalizations about why the world needs a gold standard, just as they now produce a flood of rationalizations about why the world does not.”
Gold: The Once and Future Money, 2007
- Theoretical Expertise Ranking:
Individuals and organizations that do not fit into the other star categories.
- Involvement and Affiliations:
- Principal, Kiku Capital Management LLC
- Founder, New World Economics
- Contributor, Forbes
- Witness, US House Financial Services Subcommittee on Domestic Monetary Policy and Technology hearing, “Sound Money: Parallel Currencies and the Roadmap to Monetary Freedom,” Aug. 2, 2012
- Speaker, Heritage Foundation conference on a stable dollar, Oct. 5-6, 2011
- Former Equity Portfolio Manager, LW Asset Management
- Former Chief International Economist, Polyconomics Inc
- None found
- He has published articles in the Financial Times, Nikkei Business, Daily Reckoning, Japan Times, Daily Yomiuri, Pravda, Asian Wall Street Journal, Dow Jones Newswires, and Worth
- He has has appeared on television in Asia and the Middle East
- Quoted in:
- Pro & Con Quotes: Should the United States Return to a Gold Standard?