Topic: Gold Standard

Central Banking, Currency, Gold Standard, Monetary Policy

That Civilized Relic: A Monetary System as Good as Gold

– July 16, 2020

“The gold standard isn’t perfect. No system is. But it has many virtues. A strong case can be made that it’s the best of all feasible institutional alternatives. As my dissertation adviser, Lawrence White, puts it: The gold standard is still the gold standard among monetary systems.” ~

Capitalism, Central Banking, Gold Standard, Monetary Policy, Policy

Global Money Supply Growth and the Great Inflation Getaway

– June 30, 2020

“Maintenance of the level of employment rather than inflation has become the focus of official policy everywhere. Stimulus will continue until employment is restored to its pre-crisis level and there remains a colossal debt overhang to temper inflationary tendencies, but there is a real and present danger that, in the process of returning the economy to full-employment, consumer price inflation will get away.” ~ Colin Lloyd

Gold Standard

Krugman and the Goldbugs

– August 23, 2019

Many economists have strong opinions about the gold standard. Few seem to understand how a gold standard functions.

Gold Standard

Is There Such a Thing as a Free-Market Gold Standard?

– July 31, 2019

Although the multiplication of national gold standards that gave rise to the classical gold standard was partly accidental and partly the outcome of deliberate legislation, market forces also played an important part in it.

Economic Education, Gold Standard

The Workings of the Gold Standard

– July 8, 2019

Interventionist monetary policies, intending to lower interest rates to boost the economy or increase employment, are circumscribed.

Cryptocurrency, Currency, Gold Standard

Back the Libra with Gold, Says Steve Forbes

– June 26, 2019

The Libra could be to money and finance what Henry Ford was to automobiles.

Gold Standard

The Gold Standard, FDR, and the Recovery of 1933

– April 18, 2019

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.

Gold Standard

FDR’s Legacy of Interventionism

– April 10, 2019

FDR set the standard for future progressives who wished to exercise broad powers to mold the world as they think best.

Currency, Gold Standard

Government, Gold, and Separating Money From the State

– October 24, 2018

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.

Currency, Daily Economy News, Free Markets, Gold Standard, History, Property Rights

Voting Is Not Self-Expression

– October 24, 2018

Voting may be many things, but the least of them is self-expression. Conceding the sufficiency of multi-billion dollar political contests among highly vetted, meticulously-coached candidates is a guaranteed road to self-negation.

Gold Standard

Economic Nationalism Is a Terrible Response to the Currency War

– October 3, 2018

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.

Gold Standard

Governments and Central Banks Should Look to Gold Not Crypto

– August 7, 2018

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.