The True Gold Standard (Second Edition)
Lawrence H. White is an economics professor at George Mason University who teaches graduate level monetary theory and policy. Lawrence White As described by the Wikipedia, "White earned his BA at Harvard University (1977) and PhD at the University of California at Los Angeles (1982). Before his current role at George Mason University he held a position as F. A. Hayek Professor of Economic History with the University of Missouri–St. Louis Economics department from 2000 to 2009, teaching American Economic History, Monetary Theory, and Money and Banking. Previously, he was Assistant Professor …Read more
Liberty Street Economics on The Collapse of the French Assignat and Its Link to Virtual Currencies Today
The Federal Reserve System's James Narron and David Skeie, career officials with the Federal Reserve System, are two eminent historically erudite figures. Writing in the New York Federal Reserve Bank's online publication, Liberty Street Economics, they recently provided a continuation of their valuable historical "revue,"
In the late 1700s, France ran a persistent deficit and by the late 1780s struggled with how to balance the budget and pay down the debt. After heated debate, the National Assembly elected to issue a paper currency bearing an attractive 3 percent interest rate, secured by …Read more
On July 6th, Nobel economics laureate and Princeton Professor launched, in the New York Times, one of his occasional polemics, entitled , against proponents of the gold standard. Krugman Caricature under creative commons license from As usual, Prof. Krugman is, conveniently for the position he takes, beyond lopsided in his presentation of the facts. It is quite amusing to see what psychiatrists call "projection" ("") so vividly at work. Prof. Krugman virulently berates others for the selective use of data he obsessively practices: On Sunday The Times published an by the political …Read more
The Heritage Foundation's Backgrounders long have been considered "the gold standard" of policy analysis by the center right policy community in the nation's capital. Now Heritage has issued a Backgrounder, by Heritage's Congress should set up a formal monetary commission, such as the one proposed in the Centennial Monetary Commission Act of 2013. This type of commission would provide a public venue for both critics and supporters to discuss the Fed’s past operations and the appropriate role for the central bank going forward.
It describes the Act as follows:
Centennial Monetary Commission …Read more