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The End of the Gold Standard. Fifty Years of Monetary Insanity

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Tags Gold StandardMoney and Banking

08/27/2021Daniel 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.

Original Article: "The End of the Gold Standard. Fifty Years of Monetary Insanity"

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Author:

Daniel Lacalle

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.