Gold Standard

With the cumulative effects of inflation, the face values of our coins no longer has any relation to historic commodity value.

To Mises, freezing money supply did not represent, per se, a desirable money system, even though the consequences derived from it would make such a system appear more in line with a free market economy than the current system of relentless increase in credit and fiat money supply, controlled by the government.

I suppose that I wasn’t entirely aware of how hard-core Henry Hazlitt was on the gold question until re-reading

From Speaking of Liberty, as narrated by the author, pp. 57-68.

A book-length manuscript based on notes taken by Bettina B. Greaves during the Mises Seminar in New York in the 1960s. 

To answer a reader question, I revisited Rothbard’s transition plan for 100% gold.

Fed Chair-in-Waiting Benja

The Gold Standard: Perspectives in the Austrian School. Edited with an Introduction by Llewellyn H. Rockwell, Jr.

Recorded at Mises University 2004.

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