Now in ebook format or paperback: The Gold Standard: Perspectives in the Austrian School The world’s financial system is in a precarious state, and everywhere the cry is heard for reform. But a reform to what? More government created fiat money under a new name?
The contributors to this notable anthology think not and argue for one particular sort of reform, a return to the gold standard. They all agree that a genuine free market would gravitate toward a gold standard. Murray Rothard states that any commodity used as money must have value in a non-monetary use.
Roger Garrison dismantles the objection that a paper money is cheaper, and less wasteful, than a gold standard. Joe Salerno untangles the web of international finance . By far the most effective political advocate of the gold standard has been Ron Paul, and here he summarizes his proposals for monetary reform. Other contributors include Richard Ebeling on Mises and the gold standard, Hans Sennholz on Carl Menger’s monetary writings, and Lawrence White on free banking and money.
The Gold Standard presents cutting-edge scholarship on the best and most effective monetary system. If you want to understand the gold standard, you need to read this book.
