Talk About A Gold Standard? Naaahhhh.....
[Thanks to www.babycup.com for this photo of a 14 carat gold cup.]
My friend Walker Todd, former collaborator at the Federal Reserve Banks of New York and Cleveland and now a researcher at the American Institute for Economic Research is talking about it loud and clear.
Read his piece at the Christian Science Monitor.
I mentioned another gold standard proponent Larry H. White in the past, and I write a lot about the gold standard and also here, and you'll remember my mantra:
"You can take gold out of the standard, but you can't take the standard out of gold."
I really believe it.
Too bad there's little chance of it happening.