Gold Standard

The greatest threat to worldwide prosperity is the complete collapse of what little remains of free-market capitalism.

The argument over gold is a replay of the arguments of Adam Smith against the arguments of the mercantilists.

What is ultimately desired is a return to a market-chosen money — gold or silver money, not a gold- or silver-"backed" money.

Presented at the Mises Circle in Manhattan, hosted by the Ludwig von Mises Institute and sponsored by the Story Garschina Charitable Fund, and Anon

Germany could prove to the world that a gold-backed money is not only possible but desirable.

Duncan Weldon of the  London <em>Guardian</em> provides a highly useful summary of the Keynesian case — a fine mixture of familiar old canards and creative new errors.

Austrians wish to extend their laissez-faire views to the creation and sale of a specific commodity: money.

The euro has ended monetary nationalism and is acting, even if only timidly, as a "proxy" for the gold standard.

The gold standard prevents the authorities from engaging in reckless money pumping.