Tuesday, November 9, 2010

The Best Way to Return to a Gold Standard

Richard Ebeling emails:
World Bank president, Robert Zoellick, has caused a bit of a fire storm with his endorsement of anchoring the international monetary system to gold once again.

I have a new post on the Northwood University blog, "In Defense of Capitalism & Human Progress," on the theme of "Return to the Gold Standard?"

I argue that not only is it necessary and worth the cost to restore a market-based commodity such as gold as an anchor to the monetary order, but that it would be desirable to do so in the wider context of ending monetary central planning and replacing it with private, competitive free banking.
Read the post, here.

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