"[I]f the spectre of "under-employment" appears again in the world tomorrow, as is probable, (the Keynesian philosophy) will be the universal recourse of peoples and governments. If it is true, it will be the salvation of the world; if it is false, it may lead to catastrophe by turning the world to ineffective remedies which may make the evil much worse. ... Whom Jupiter wishes to destroy, he first makes mad."
... In 1929 {Jacques] Rueff was attached to the League’s Gold Committee, which studied the problems facing the international monetary system. In his report, “Abnormal Fluctuations in the Purchasing Power of Gold,” Rueff called attention for the first time to the threat posed by the “gold-exchange standard.” Rueff warned that, whereas the consequences of typical economic policy mistakes were confined to the country that made them, the nature of the “reserve-currency” system was to transmit inflation or deflation on a worldwide scale.
The True Gold Standard
(Second Edition - Newly Revised and Enlarged)
Lewis E. Lehrman
Available in Hardcover and on Kindle
May 21, 2013
ForbesRalph J. Benko
Does Rand Paul's Rise Signal a Broader Libertarian Moment?Libertarianism, thanks, among other factors, to the emergence of leading presidential candidate Sen. Rand Paul, is coming to the fore. It is presenting itself in fresh, less eccentric, and increasingly attractive ways. Moderate libertarianism may be capturing...
February 20, 1983
The Washington PostLewis E. Lehrman
If We Had 'Real' Money We Could Still Salvage the Reagan RevolutionTHOSE OF US who believe in the goals of the Reagan revolution had better face up to the consequences of the last two years. We called for boom and got something very close to bust. We called for a balanced budget and... |
Kathleen M. Packard, Publisher The Gold Standard Now
Board of Advisors: Senior Advisors Sean Fieler, James Grant, Senior European Advisor Advisors In Memoriam
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