Chart gbpGOLD   Chart gbpSILVER  
 
Matière à reflexion
L'or est pâle parce qu'il y a tant d'escrocs qui conspirent contre lui
Antal E. Fekete  
Recherche :
DERNIÈRES INFO.  :
SOCIÉTÉ MINIÈRE  :
Abonnez-vous
Ecrivez-nous
Add to Google
Rechercher sur Ebay :
METAUX PRECIEUX (US $)
Gold 1289,096,57
Silver 19,570,13
Platinum 1420,758,00
Palladium 894,504,75
MARCHES MONDIAUX
DOWJONES 17065-54
NASDAQ 4559-11
NIKKEI 15460-75
ASX 5621-28
CAC 40 4370-25
DAX 9457-113
HUI 2411
XAU 1000
MONNAIES (€)
AUS $ 1,4082
CAN $ 1,4306
US $ 1,3175
GBP (£) 0,7946
Sw Fr 1,2055
YEN 136,7040
RATIOS & INDEXES
Gold / Silver65,87
Gold / Oil13,70
Dowjones / Gold13,24
MATIERES PREMIERES
Copper 3,14-0,05
WTI Oil 94,100,22
Nat. Gas 4,040,04
Indices des Marchés
Cours des métaux
Or & Argent industriels
RSS
Precious Metals
Graph Generator
Statistiques par Pays
Statistiques par Métal
Publicité sur 24hGold
Projets sur Google Earth
Inflation – Before and After the Federal Reserve
Publié le 21 mars 2012
375 mots - Temps de lecture : 0 - 1 minutes
( 3 votes, 5/5 ) Imprimer l'article
 
    Commentaires    
Tweet
Mots clés associés :   1971 | Alan Greenspan | Ben Bernanke | Gold Standard | Government | Greenspan |

 

 

 

 

In a lecture yesterday, Federal Reserve Chairman Ben Bernanke made the mistake of talking about inflation during his critique of the gold standard, going so far as to say that when the barbarous relic was used as the foundation of our monetary system “over the medium run, it sometimes caused periods of inflation and deflation” (see this item from earlier in the day for links and other specifics).

That struck me as a particularly odd way of addressing a subject that probably shouldn’t have been addressed at all and that prompted the creation of the chart shown below using data from … the Federal Reserve.

Maybe it’s just me (after all, my background is as an engineer, not as an economist), but, the hard money days prior to the formation of the Federal Reserve sure seem to be a better alternative to what we’ve had over the last hundred years, inflation-wise, especially when looking at the slope of that red curve since the last vestiges of sound money were abandoned back in 1971.

 


 

When you think about it, any sensible central bank chief serving decades after the launch of another experiment with pure fiat money really shouldn’t be talking about the gold standard at all. History shows that these pure paper money systems usually run their course after a few decades (sometime much sooner) and, depending upon how many terms Bernanke serves as Fed Chairman, that could occur on his watch.

I mean, what’s the possible upside in calling attention to the gold standard in general and, in particular, to the inflation data under that system as compared to what we’ve got now?

Former Fed Chief Alan Greenspan was careful to only make substantive comments about the yellow metal before (Gold and Economic Freedom) and after (Stunner: Gold Standard Fully Supported By… Alan Greenspan!?) he ran the world’s most powerful central bank and Bernanke would do well to follow that lead.

But, if our current Fed Chief feels as though he must talk about how returning to a gold standard would be problematic today (probably as a result of increasing calls from the public as they see rising prices everywhere but in the government’s statistics), he should probably just leave out the part about inflation.

 

 

Tweet
Evaluer :Note moyenne :5 (3 votes)Voir les mieux notés
Article précédent de
Tim Iacono
Tous les articles de
Tim Iacono
Article suivant de
Tim Iacono
Recevez par mail les derniers articles de cet auteur
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TOP ARTICLES
LES PLUS LUS
LES MIEUX NOTÉS
LES PLUS COMMENTÉS
Suggestions de l'éditeur
Nos flux RSS24hGold Mobile
Gold Data CenterConvertisseur Or Argent
Pièces d'or sur eBayPièces d'argent sur eBay
Minières :
outils techniques
Minières : outils
d'analyse fondamentale
En cours sur le Forum
par Vostok 1  -  le 03/08/14  -  0 reponse  -  modifié le 03/08/14
par Boutrosboutros78  -  le 10/12/13  -  28 reponses  -  modifié le 31/07/14
par Tophe  -  le 24/10/13  -  3 reponses  -  modifié le 10/06/14
par haclimacli  -  le 24/11/13  -  5 reponses  -  modifié le 26/05/14
par Tophe  -  le 09/04/14  -  0 reponse  -  modifié le 09/04/14
Plus... 
Articles les plus récents de Tim Iacono
28/08/2014
28/08/2014
28/08/2014
27/08/2014
26/08/2014
Tous les articles
Commenter cet article
Vous devez être connecté pour commenter un article8000 caractères max.
 
Connectez vous
Email : Mot de passe : Login
Inscrivez-vous Mot de passe oublié
 
Vous pouvez recevoir la newsletter de 24hGold. Cliquez ici pour vous abonner ou vous désabonner.
Disclaimer