Back to gold?

Economic crises tend to spur discussion of an end to political money and a return to some form of gold standard, but such talk is absurdly impractical.

Back to gold?

You know the world economy is in trouble when opinion pages are proposing moving the global monetary system back to a gold standard. Indeed, a rather unscientific look at Google’s search timeline shows a significant spike in such talk during economic crises.

This is true of the early 1970s and 1980s, and again right now. One prolific and persistent advocate of the gold standard is Lewis Lehrman, an investment banker who sat on the Gold...

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