by Ralph Benko | Nov 22, 2012 | Uncategorized
Originally posted Thursday, November 22, 2012 Share A notorious experiment with paper money was commenced, to his personal and French national ruin, by John Law in 1717. This was the very same year that Isaac Newton effectively invented the gold standard, setting...
by Ralph Benko | Nov 15, 2012 | Uncategorized
Originally posted Thursday, November 15, 2012 Share The Bank of England is the most venerable of the world’s central banks. It is headquartered in the City of London — England’s version of Wall Street — on Threadneedle Street. And somewhere...
by Ralph Benko | Nov 13, 2012 | Uncategorized
Originally posted Tuesday, November 13, 2012 Share Belgian economist Robert Triffin was, along with Jacques Rueff, one of the chief critics of the use of the dollar as an international reserve currency. Triffin and Rueff agreed in their diagnosis of the inherent...
by Ralph Benko | Nov 12, 2012 | Uncategorized
Originally posted on Tuesday, November 20th, 2012 Political challenges to the gold standard have a colorful history. The campaigns of William Jennings Bryan remain the, well, gold standard, for color. In the Boston Globe Katherine Whittemore, in an October 27th review...
by Ralph Benko | Nov 8, 2012 | Uncategorized
Originally posted Thursday, November 08, 2012 Share “Throughout the 19th century, Britain presided over a tenfold rise in global trade under the classical Gold Standard.” In the Winter 2011-12 issue of Finest Hour, a journal of Churchill studies, there...
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