The True Gold Standard (Second Edition)
The "surprise" jump in producer and consumer price inflation is not a surprise when you understand the political and economic logic of using one nation's domestic currency--the U.S. dollar--as international money. Domestically oriented analysts have been fooled because U.S. inflation responds to the world-supply of dollars, not just those in the U.S.
Oct 20, 2014
Lawrence H. White is an economics professor at George Mason University who teaches graduate level monetary theory and policy. Lawrence White As described by the Wikipedia, "White earned his BA at Harvard University (1977) and PhD at the University of California at Los Angeles (1982). Before his current role at George Mason...
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...
Jul 23, 2014
An article headline in Saturday’s Wall Street Journalread “Rate Talk Heats Up Within The Fed.” As Journalreporters Jon Hilsenrath and Michael Derby...
Oct 05, 2012
Key Monetary Writings
Myth 3: The Volatility of the Price of a Gold Since 1971 Shows that Gold Would be an Unstable Monetary Standard
Eichengreen (2012, p 128) writes of “gold's inherent price volatility” making it unsuitable to “provide a basis for...
Why the Gold Standard?