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I have a question concerning the gold standard that a friend of mine brought to my attention. First a comment. I feel returning to the gold standard is the only true way to restore a sound economy. Having said that, is it realistic to think it could be done with the growing population? Is it feasible...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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i have recently designed the following course for my own use: rigourous introductory study centers around rothbard's 'man, economy, and state', via robert murphy's accompanying study guide as an auxillary map, and with mises' 'human action', 'theory of money and credit'...