The world economy of the nineteenth century was, above all, characterized by the gold standard. Each great power defined its currency by a weight unit of gold and guaranteed convertibility, at that rate, of cash into gold. The international gold standard was the impartial arbiter and balance wheel of the world financial system.
An extended interview with prominent gold standard advocate Steve Forbes, chairman of Forbes Media and editor-in-chief of Forbes Magazine, and author, with Elizabeth Ames, of a new book published to glowing critical notice: Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It. This is Part Two of that interview.
... Given Kwarteng’s current and, likely, future importance to the world monetary discourse it really would be invaluable were he to master the arguments of Jacques Rueff, and of Lewis Lehrman, as well as those of Triffin (who shared the same diagnosis while offering a different prescription).
The Federal Reserve System's James Narron and David Skeie, career officials with the Federal Reserve System, are two eminent historically erudite figures.
Writing in the New York Federal Reserve Bank's online publication, Liberty Street Economics, they recently provided a continuation of their valuable historical "revue," Crisis Chronicles: The Collapse of the...
On July 6th, Nobel economics laureate and Princeton Professor launched, in the New York Times, one of his occasional polemics, entitled Conservative Delusions About Inflation, against proponents of the gold standard.
Krugman Caricature under creative commons license from DonkeyHotey
As usual, Prof. Krugman is, conveniently for the position he takes, beyond lopsided...