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Posts Tagged ‘Monetary History’

10 Things Every Economist Should Know About The Gold Standard

If there’s one monetary history topic that tends to get handled especially sloppily by monetary economists, this is it. Sure, the gold standard was hardly perfect & gold bugs themselves sometimes make silly claims about their favorite former monetary standard. But these things don’t excuse the errors many economists commit in their eagerness to find fault with that “barbarous relic.”

Not Owning Gold Bullion Shows “Ignorance of Monetary History”

Gold’s position is assured because of the total reliance of our debt-based monetary system on unsustainable inflation. The yearly, “In Gold We Trust” report states that “we have all become guinea pigs of an unprecedented attempt at re-inflation.” QE and negative interest rates “are a direct consequence of a systemic addiction to inflation.”

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