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The Gold Standard that Never Was


Tags Free MarketsGold StandardMoney and Banking


Thorsten Polleit delivered a speech at the Austrian Economics Research Conference entitled “The Gold Standard That Never Was.” Thorsten was interviewed by GoldMoney's Andy Duncan. The speech is discussed in this podcastThe conditions that he sees as being necessary for a gold standard to be compatible with free market principles are discussed. He explains how a 100% commodity backed currency would work with regards to the banking system.

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

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