The American Institute for Economic Research, a private foundation, will be hosting a conference in May to examine AN EXPLORATION OF THE PROCESS OF THE RESUMPTION OF THE GOLD STANDARD[link].
The operations and benefits of the classical gold standard have been studied extensively. Government-managed resumption also has been examined. But the practical problems of resumption have received little consideration. For example, what should be the gold contents of currencies? A solution might begin with the realization that the original gold standard was privately produced and that its successful reestablishment depends on the desires and capabilities of modern financial players. What monetary standard would emerge if private banks and money markets were allowed to function freely?
