Gold Standard

Displaying 81 - 90 of 447
Friedrich A. Hayek

Legal tender laws create special privileges for government money. That kills true currency competition and favors the state's monopoly power.

Murray N. Rothbard

The new "gold-exchange standard" of the 1920s was a new concoction of the world's regimes after the Great War.  It certainly wasn't a true gold standard. 

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.