Gold Standard Act – March 14, 1900

Originally posted Tuesday, August 28, 2012 Share William McKinley campaigned for “The Gold Standard, Protection and Prosperity, Just Pension Laws, And to Redeem All REPUBLICAN PLEDGES To The People.” He made good on the first of these pledges by the...

Volcker on Closing the Gold Window in 1971

Originally posted Thursday, August 30, 2012 Share August 15, 2012 marked the 41st anniversary of the “temporary suspension” of the gold standard by President Richard Nixon.  It is of interest to read the reminiscences of Paul Volcker, who, as...

Curiously Strong

Originally posted on Saturday, August 18th, 2012 Now Altoids, the “curiously strong mints,” enter the monetary policy arena. The Curiously Strong Fact imprinted currently on its package stuffer reveals: “For 3 days in 1924, Altoids were stronger than...