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The Recusant
Membre depuis mai 2012
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One Nation Under Gold (2017), by James Ledbetter - Nathan Lewis - New World Economics

Sadly, I too hoped for a more even-handed assessment of gold in our economic history. The book IS biased and by the time I got to the 20th century section almost tossed the book across the room. [Spoiler here] His explanation that gold was the cause of the Great Depression is laughable. The greatest economic tragedy of our nation was condensed into less than a page and blamed entirely on the gold standard. Serious economists are still debating the causes (note the plural here) and continue to analyze the myriad of interconnected factors. Yet Ledbetter simply states it was gold's fault. Geesh, how sophomoric...a waste of time.

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Début de l'article :One Nation Under Gold (2017), by James Ledbetter, is, pretty much, a gold-bashing exercise. I think it is propaganda: that is to say, not a forthright expression of an individual’s independent and informed view, but an intentional effort to mold public opinion to serve certain agendas. The tone and method is very much like The Power of Gold: the History of an Obsession, by Peter Bernstein, seventeen years earlier — so similar, indeed, that it sometimes seems that it could have come from the same... Lire la suite

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