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Intellectual Support For Gold-Based Money Is Leading To Political Support

- Nathan Lewis - New World Economics

Yes, the intellectual impetus is needed. But a big change to the entrenched political status quo is unlikely, until a disaster points to the need for it. Sadly, we will have to wait for this disaster to happen first.

Commented 3236 days ago

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Beginning of the headline :Around this time last year, I remarked on how far we had come in providing real intellectual support for gold-based money in the United States. This was a core principle that the United States embraced from its founding in 1789, until 1971 – a period of over 180 years, during which the U.S. became the most economically and politically successful government in the world; and perhaps, even, in the history of the world. It’s working: In July 2015, Paul Krugman wrote that “Gold bugs have taken over... Read More

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