I have new article on, “The Gold Standard and Monetary Freedom.”
On March 29th, I participated in a debate on “Whether America Should Adopt the Gold Standard,” which was held at Northwood University in Midland, Michigan, and was co-sponsored by the Atlas Economic Research Foundation and the Forum for Citizenship and Enterprise.
I spoke on behalf of the”affirmative” position, of course.
I argue that governments can never be trusted to not abuse their control of the monetary printing press to fund their budget deficits and create inflation. And that central bank manipulation of paper money always carries the danger of distorting interest rates and the banking system, setting in motion the disasters of the business cycle.
The gold standard, I argue, may serve as a form of “monetary constitution,” and a way-station leading to the final goal of full monetary freedom with competitive free banking.