The gold standard is a profile in power. So LBJ conspired to get rid of it. (Photo by UPI/Bettmann Archive/Getty Images) The gold standard did not prevent the hyperinflation of the 1970s, or the ...
Returning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned the gold standard in 1971. Fiat currencies are backed by the interest ...
Go back on a gold standard? That’s crazy. This standard call-and-response prompts a question. Have we gone back on a gold standard before, and if so successfully? Yes indeed. If going back on gold has ...
Central banks have been buying gold at record levels. A gold standard limits government growth and promotes economic growth. A return to a gold standard could address the negative impacts of a fiat ...
The gold standard is a monetary system in which gold is used to guarantee the value of a country’s currency. It was a typical measure in the 20th century to ensure that a country’s money was “good.” ...
The gold standard. Today the term denotes something that is the highest level of quality in its category. Gold, with all its luster, has been sought after, fought over and prized for thousands of ...
Did you catch Warren Buffett’s retirement warning? “Obviously, we wouldn’t want to be owning anything that we thought was in a currency that was really going to hell,” Buffett said. “There could be ...
The U.S. was on a bi-metal or gold standard up until the "Nixon Shock" of 1971. What would the value of gold per ounce need to be today to backstop the amount of U.S. currency currently in circulation ...
The Federal Reserve is celebrating its 100th birthday trapped in a political bunker. At few points since the Fed's founding in 1913 has it taken such sustained fire. It's taking fire from the left, ...