Gold Standard

Recorded at FreedomFest, 10 July 2010. Includes an introduction by Douglas E. French.

Compares and contrasts the principles and performance of alternative international monetary systems, including the classical gold standard, the gol

If banks and other credit institutions are multiplied, and if credit operations are facilitated by public security, good administration of law, etc., less money is needed.

Or will we stick to principle, pay whatever price that involves, and leave the world a better place? I submit to you that anyone who has ever truly loved liberty has chosen the second course.

The soundest monetary system and the only one fully compatible with the free market and with the absence of force or fraud from any source is a 100 percent gold standard.

In the real world, of course, the real danger of credit expansion and the boom-bust cycle comes from fiat money and fractional-reserve banking.

From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank

The state makes a mess of everything it touches.

Although he writes with confidence, David Frum's rejection of the gold standard is based on faulty history, bad economics, and a belief in the power of Washington to manage the economy.

The international gold standard works without any action on the part of governments.