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.
<div style="text-align: left;">
Better than the dollar?
</div>
<div style="text-align: left;"> Better than the dollar? </div>

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 Commission alongside US presidential-candidate Ron Paul in 1981 and with whom he co-wrote The Case for Gold in 1982. Since then, Lehrman, who is an ex-Morgan Stanley MD and now runs his own firm, has...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222