News Desk: Special Reports

Federal Government Budget Surplus or Deficit

View PDF File


Having a gold standard leads to gentle cycles of deficit and surplus in federal expenditure.  Once the stability provided by the gold standard -- which acts as the gyroscope of the international economy -- is lost, a strong bias to government budget deficits of increasing scope becomes evident.  The surplus of the 1997 era makes it notable, however, that monetary policy is a critical component to prosperity.  It is, as a technical matter, virtually impossible consistently to maintain the requisite level of stability under the International Dollar Standard.

SOURCE: The White House: Office of Management and Budget, 2011-02-11


Kathleen M. Packard, Publisher
Ralph J. Benko, Editor

In Memoriam
Professor Jacques Rueff

Now Available on Amazon and from The Lehrman Institute

Gold Standard 3-Pack

Three Gold Standard Titles for One Low Price. Only from The Lehrman Institute Store.

Buy from
The Lehrman Institute