Friday, November 14, 2008

Talk About A Gold Standard? Naaahhhh.....

Oh yes there is.

Cup
[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.

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