The Golden Spike

Originally posted on Saturday, April 21st, 2012 The gold standard gave America a solid monetary foundation. That foundation helped see America through the many upheavals of the 19th century. It positioned America to prosper. Gold was so iconic that a ceremonial...

The Euro and the Gold Standard

Originally posted on Tuesday, April 17th, 2012 “The appeal of the historic gold standard lay in an institutional capacity to build confidence.” — Professor Harold James In October 1990, then Professor Ben Bernanke co-authored with Professor Harold...

Cost of Gold Standard: Forgoing a Paper Standard

Originally posted on Thursday, April 12th, 2012 [T]he State can supplant a spontaneously evolved monetary system with a centrally controlled system only after a prolonged struggle in which it must slowly and gradually overcome (through propaganda and the use of...