The Gold Standard, FDR, and the Recovery of 1933
In a recent NBER working paper, Margaret M. Jacobson, Eric M. Leeper, and Bruce Preston argue that FDR’s abandonment of the gold standard helped bring an end to the Great Depression.
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FDR’s Legacy of Interventionism
FDR set the standard for future progressives who wished to exercise broad powers to mold the world as they think best.
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Government, Gold, and Separating Money From the State
Money did not originate in the laws or decrees of kings and princes. Money, as the generally accepted medium of exchange, emerged out of the market transactions of a growing number of buyers and sellers in an expanding arena of trade.
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Economic Nationalism Is a Terrible Response to the Currency War
The way out of the dilemma and to resolve the problem that is posed by the existence of national currencies under state authority, is to use private money at a global scale. Gold once served this purpose and could again. Further, the new electronic monies, like Bitcoin for example, are not bound to a specific state or nation.
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Governments and Central Banks Should Look to Gold Not Crypto
The Fed should focus entirely on the soundness of the dollar and the banking system. Innovations like cryptocurrency and the growing infrastructure associated with it are the business of private enterprise, not government and official institutions.
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Much Ado About Nothing: Objections to the Classical Gold Standard
The classical gold standard has gotten a raw deal in our historical memory. Setting the record straight is a crucial step on the road back to restoring sound.
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