Balancing the Budget and the Trade Deficit is Easy: Return to Gold Standard

The Daily Ticker's Lauren Lyster conducted an interesting interview today with British Member of Parliament Kwasi Kwarteng on gold and balancing the budget.

Kwarteng is author of War and Gold, a Five-Hundred-Year History of Empires, Adventures, and Debt.

Kwarteng notes the historic stability under gold standards, specifically citing the 2008 financial crisis and national debt level as problems related to the Fed and printing paper money.

"The credit crunch, the credit bubble that preceded it, and the huge amounts of debt and deficits that we have are related to paper money," says Kwarteng.

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