Gold Standard

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Daniel Lacalle

The gold standard supposed a limit to the fiscal voracity of governments, and suspending it unleashed the perverse proclivity of the states toward indebtedness and to pass the current imbalances on to future generations.

Kristoffer Mousten Hansen

Gold was only included in the plans for the Bretton Woods system because of the veneer of solidity it gave.

Mark Thornton

Nixon’s closing the gold window should be seen as the end of the last remnant of the gold standard, not some kind of market failure. Governments controlled most of the gold and set its price.

Ludwig von Mises

That gold was used as money in the past is merely a historical fact. But the fact that gold was a form of private money, and thus not easily manipulated for government schemes, made it a target of countless intellectual and governmental assaults.