58. Depression and the End of the Gold-Sterling-Exchange Standard: 1929-1931
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Gold-Exchange Standard i
Gold Standard
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50. The Gold-Exchange Standard in the Interwar Years
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Gold-Exchange Standard i
56. The Gold-Exchange Standard, Not Gold
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Gold-Exchange Standard i
36. Conant, Monetary Imperialism, and the Gold-Exchange Standard
From Part II of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Origins of the Federal R
51. The Classical Gold Standard
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Gold-Exchange Standard i
57. The Gold-Exchange Standard in Operation: 1926-1929
From Part IV of A History of Money and Banking in the United States: The Colonial Era to World War II: “The Gold-Exchange Standard i
What Constitutes a Gold Standard
The generic gold standard may be briefly defined as a monetary system where the unit of value consists of the value of a fixed quantity of gold in a large international market.
The Faults of Fractional-Reserve Banking
Fiat money — or, to be more precise, its production — is already a violation of the free-market principle; and fractional-reserve banking amounts to leveraging the economic consequences of fiat money. Austrians favor a money that is freely chosen and operates by market principles.
Gold Prices and Panic
Bernanke assured the national audience that the Fed was not printing money; however, he didn't explain where the Fed was going to get the funds to buy $600 billion worth of treasuries.
