The View From 1776
Tuesday, December 30, 2008
Bernanke is Not the Gold Standard in Monetary Management
My thanks to rockingjude for the link to Bernanke’s Great Lie: The gold Standard and the Great Depression.
The writer gives us both concise definitions of the various manifestations of gold standards (some of which are not real gold standards), and an excellent monetary history. He makes it clear that fiat money inflation is the acid that has repeatedly corroded our economy since early in the 20th century.
For a list of links to articles that I have posted in the past couple of years on the same general subject, see Helicopter Ben Hovers.
See also How FDR Destroyed the Dollar.