The gold standard is a profile in power. So LBJ conspired to get rid of it. (Photo by UPI/Bettmann Archive/Getty Images) The gold standard did not prevent the hyperinflation of the 1970s, or the ...
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Why the world abandoned the gold standard and how it changed money forever
The gold standard once defined global money, but nations abandoned it in the 20th century. The reasons behind its collapse ...
— -- Talking about the monetary system these days requires using unimaginably large numbers, such as $1 trillion, the total U.S. currency in circulation, and $10.9 trillion, the U.S. government ...
Mike Maharrey and AIER’s Peter C. Earle explain the gold standard, debunk 7 fiat-money myths, and discuss central bank gold ...
"The gold standard has returned to mainstream U.S. politics for the first time in 30 years," say Robin Harding and Anna Fifeld at The Financial Times. The GOP is preparing to include a "gold ...
The godfather of modern economics, John Maynard Keynes, dismissed the concept of gold as money—the gold standard—as a “barbarous relic.” Another economics titan, Nobel Prize-winner Milton Friedman, ...
Sorry, gold bugs -- Robert Zoellick doesn't want a return to using the metal as a global currency standard, after all. I don't believe you can return to a fixed ...
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