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Written by David Stockman
- In Gold We Trust? A Great Debate |
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Tuesday, May 10, 2011 |
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It took 200 years to build and perfect the classic gold standard system; then it was destroyed in about seven weeks when the Guns of August 1914 thundered across Europe; and now I am allotted seven minutes to resurrect it. Fortunately, Churchill’s defense of democracy also applies to the daunting task at hand: To wit, the classic gold standard is the worst possible monetary system---except for all of the alternative inflation-generating, savings-destroying, debt-breeding, bubble-emitting and boom and bu Read more |
