Gold Standard

By all measures, the economic downturn that began in 1920 was worse than what occurred in 1930, yet the economy recovered quickly in 1921. Why the difference?

The US monetary system is out of sorts and out of control. The authors show a path back from the inflation brink to monetary soundness.

John Maynard Keynes derided gold-based money as a "barbarous relic," yet it was gold that enabled a long regime of honest money -- and the advance of civilization.

The US monetary system is out of sorts and out of control. The authors show a path back from the inflation brink to monetary soundness.

Ending the string of economic crises that have occurred the past two decades will happen only when economies can depend upon sound money.

The Act gave the secretary of the Treasury the power to require all individuals and corporations to hand over all their gold coin, gold bullion, or gold certificates if in his judgment "such action is necessary to protect the currency system of the United States."

Ending the string of economic crises that have occurred the past two decades will happen only when economies can depend upon sound money.

While an increase in the supply of gold money would lead to higher consumer prices, such increases in the gold supply do not lead to boom-bust cycles.

Falling prices ultimately lead to an increase in savings and to the creation of new wealth.

At a time when inflation once again ravages the dollar, we recall Murray Rothbard's wisdom in his article "The Case for a Genuine Gold Dollar."