Options
Good history on the gold standard
derryb
Posts: 37,598 ✭✭✭✭✭
No Way Out: Stimulus and Money Printing Are the Only Path Left
0
Comments
I know Dr. Fekete would argue with the author that the gold standard really ended just after WW1 when real bills were eliminated.
Silver's considerable role from 1879-1900 muddied up the waters considerably about whether we had a defacto gold standard in place.
I'd side with Fekete that for all intensive purposes the world's gold standard ended around 1914.
Historians seem to blame gold for the ills of silver and silver mining/coining from 1879-1900. So it seems whether a gold standard was in effect
or not, gold received most of the blame.
roadrunner
<< <i>Good history lesson, thanks Derry.
I know Dr. Fekete would argue with the author that the gold standard really ended just after WW1 when real bills were eliminated.
Silver's considerable role from 1879-1900 muddied up the waters considerably about whether we had a defacto gold standard in place.
I'd side with Fekete that for all intensive purposes the world's gold standard ended around 1914.
roadrunner >>
the report was prepared for congress, which means congress paid for it, which means it says what congress wants to hear.
still some good info.
No Way Out: Stimulus and Money Printing Are the Only Path Left
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242