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Inflation and the DollarWhat a dollar buys, and why it buys less each year.8 guides
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Gold, Silver and Digital AssetsAssets no central bank can print, measured over time.8 guides The Digital DollarCBDCs, stablecoin law and the future of cash.8 guides
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The Great Repricing
99.1%
Lost by the dollar against gold since 1971.
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1971Today
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Inflation and prices
Inflation CalculatorWhat money from any year is worth today.Inflation Rate by YearAnnual CPI inflation from 1914 to the latest release.Real Return CalculatorWhat a gain was worth after inflation.
Gold and hard assets
Gold and Silver Price HistoryEvery year since 1900, in nominal and real dollars.Gold-Silver RatioHow many ounces of silver one ounce of gold buys, live.Priced in GoldThe Dow, a new house and a barrel of oil, measured in ounces.
Debt and the Fed
National Debt ClockThe debt, the interest bill and the per-person share, live.
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CBDC and Stablecoin TrackerEvery country's CBDC stage, the US rules and stablecoin supply.Dollar Exposure ScorecardEight questions on how much rides on the dollar.
$40.53 trillionNational Debt Clock Up $2.52 trillion in a year · US TreasuryOpen the debt clock
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Research reports
The Back DoorThe licensing regime for private dollar tokens, and the freeze rule they carry. 12 pages.The Permission SlipRetirement accounts may hold physical gold, on one condition. 12 pages.The 130% LineUS debt is projected back above 130% of GDP by 2028, per the IMF. 12 pages.
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Home / Reports

Research reports

Short research reports on the forces behind the Great Repricing, each delivered as a PDF by email.

Cover of The Back Door

The Back Door

The licensing regime for private dollar tokens, and the freeze rule they carry. 12 pages.

Cover of The Permission Slip

The Permission Slip

Retirement accounts may hold physical gold, on one condition. 12 pages.

Cover of The 130% Line

The 130% Line

US debt is projected back above 130% of GDP by 2028, per the IMF. 12 pages.