Churchill, May 4, 1925, House of Commons

Originally posted Saturday, July 07, 2012 Share That is the sort of thing that only happens in heaven. I think the facts I have stated will constitute an absolute answer to the particular set of nightmares which are usually felt by those who fear we shall be thrown...

Paul Krugman, Alchemist

Originally posted Tuesday, July 03, 2012 Share Oxygen is an excellent metaphor for the gold standard. In the political community there is some resistance to thinking about the mechanics of monetary policy. Why?  Because money is so fundamental as to be almost...

The Goose With the Golden Eggs

Originally posted Thursday, June 28, 2012 Share “…and thinking to get at once all the gold the Goose could give, he killed it and opened it only to find nothing.” Many wise aphorisms got their start, in Western culture, from the works of Aesop, the...

The Straight Dope on the Gold Standard

Originally posted Tuesday, June 26, 2012 Share Respectable gold standard advocates reject the premise that “in going off the gold standard in 1933, the U.S. switched from real money to fictional money.” The Straight Dope is an erudite and witty weekly...

“The last gasp of an old world order.”

Originally posted Friday, June 22, 2012 Share One senses that the discourse has changed, dramatically, when the Wall Street Journal states, in its account of the upcoming meeting of the G-20 “The gold standard …. (stopped) politicians succumbing to the...