Originally posted on Thursday, February 14th, 2013
From The Iliad, Book 8, Zeus’s chariot is described as being drawn by a horse with “flowing manes of gold,” himself clad in gold, holding a gold whip, and meting out the fate of nations upon a set of golden scales.
[41] [Zeus] let harness beneath his car his bronze-hooved horses, swift of flight, with flowing manes of gold; and with gold he clad himself about his body, and grasped the well-wrought whip of gold, and stepped upon his car and touched the horses with the lash to start them; and nothing loath the pair sped onward midway between earth and starry heaven. To Ida he fared, the many-fountained, mother of wild beasts, even to Gargarus, where is his demesne and his fragrant altar. There did the father of men and gods stay his horses, and loose them from the car, and shed thick mist upon them; and himself sat amid the mountain peaks exulting in his glory, looking upon the city of the Trojans and the ships of the Achaeans.
16th century national engraving of Phidias’s Zeus courtesy of Webster’s Dictionary Online
[60] But when they were met together and come into one place, then clashed they their shields and spears, and the fury of bronze-mailed warriors; and the bossed shields closed each with each, and a great din arose. Then were heard alike the sound of groaning and the cry of triumph of the slayers and the slain, and the earth flowed with blood. Now as long as it was morn and the sacred day was waxing, so long the missiles of either side struck home, and the folk kept falling. But when the sun had reached mid heaven, then verily the Father lifted on high his golden scales, and set therein two fates of grievous death, one for the horse-taming Trojans, and one for the brazen-coated Achaeans; then he grasped the balance by the midst and raised it, and down sank the day of doom of the Achaeans. So the Achaeans’ fates settled down upon the bounteous earth and those of the Trojans were raised aloft toward wide heaven. Then himself he thundered aloud from Ida, and sent a blazing flash amid the host of the Achaeans; and at sight thereof they were seized with wonder, and pale fear gat hold of all.
Unlike the mythic Zeus, however — and also unlike the the rather Olympian Federal Open Market committee — the classical gold standard does not intervene to send nations, or even national economies, to their doom. The empirical evidence shows the true gold standard to be an instrument of prosperity with equity.
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