Archive for October 2010

The Gold Standard: Inflation, Wealth and Economic Growth

Oct 12th, 2010 | By | Category: Economics, Featured Articles, Lead Article

Conservative commentators have been riling up their audiences recently with lots of talk about America ‘devaluing our money’ and expressing the horrors that befell us after the United States left the Gold Standard in 1972.

Let’s talk macroeconomic theory, and see why they’re wrong.