In Part I (http://keithweiner.posterous.com/unadulterated-gold-standard-part-i), we looked at the period prior to and during the time of what we now call the Classical Gold Standard. It should be underscored that it worked pretty darned well. Under this standard, the United States produced more wealth at a faster pace than any other country before, or since. There [...]
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In Part I, we looked at the period prior to and during the time of what we now call the Classical Gold Standard. It should be underscored that it worked pretty darned well. Under this standard, the United States produced more wealth at a faster pace than any other country before, or since. There were [...] In Part I, we looked at the period prior to and during the time of what we now call the Classical Gold Standard. It should be underscored that it worked pretty darned well. Under this standard, the United States produced more wealth at a faster pace than any other country before, or since. There were [...] As we move forwards towards a gold standard, we will need many new innovations (as well as a rediscovery of old things that have long been forgotten). At the Gold Symposium in Sydney Australia, I saw an exhibitor who has a new, innovative product. They have thin sheets (almost like wafers, especially the gold ones). [...] Here is John Tamny’s take on the possibility of the return to a gold-based monetary standard, and the origins of the Gold Commission. His analysis is excellent though we may disagree on his conclusions about which gold standard would be optimal. This article originally appeared on Real Clear Markets.— JH
[...] Here is ever sensible James Grant being very patient in discussing the gold standard, the Fed, Paul Krugman, inflation, and deflation with Bloomberg’s Tom Keene. His interviewers throw every argument against the gold standard and he gently leads them to the truth about gold. Interviewer Sandra Eisen seems to be the fountain of contemporary failed [...] There are many books on the market today about the coming collapse of the global dollar-based monetary system. Many of them purport to help the reader “profit” from the collapse(!) Others are filled (just like the blogosphere from which they often come) with dark, conspiratorial whispers, psychologizing of leaders in government and finance, and preposterous [...] For the third time since 2008, financial markets are pricing in a deflationary rather than inflationary future. The reasons for this are understandable. There is now strong evidence that global economic activity is slowing. The euro-area banking and sovereign debt crisis is worsening. The US is heading towards a so-called ‘fiscal cliff’ in [...] |
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