Gold Standard

Every nation, whether rich or poor, powerful or feeble, can at any hour once again adopt the gold standard.

Thorsten Polleit delivered a speech at the Austrian Economics Re

David Howden is interviewed on the GoldMoney show with

From the session on “Studies in Economic History,” presented at the Austrian Economics Research Conference.

Understanding today's convoluted domestic and international fiat monetary system frankly requires a great deal of time and study. In a sound money environment, on the other hand, there is little confusion or controversy.

The catch is that in order to file an appeal, the plaintiff has to pay a fee of two dollars. Justice Mahoney, O happy day, refused to accept the appeal because Federal Reserve Notes, which of course constituted the fee, are not lawful money. Only gold and silver coin, affirmed the judge, can be made legal tender, and therefore the fee for appeal had not been paid.

Several Austrian economists respond to the German Central Bank's move to repatriate its foreign-held gold.

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.