Poor Understanding of Monetary Theory Leads to Disastrous Government Policies
Posted on August 18, 2020 by radiofreemarket Austrian School economists know that unsound money has been at the heart of disastrous government policies since time immemorial. The greater the ignorance of money ...
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FDR’s Other ‘Day of Infamy’: When the US Government Seized All Citizens’ Gold
by Lawrence W. Reed Ninety years ago, Franklin Roosevelt told Americans they had less than a month to hand over their gold or face up to ten years in prison. ...
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Today in History: Nixon Slams Shut the “Gold Window”
By: Mike Maharrey Today in history, on August 15, 1971, President Richard Nixon slammed shut the “gold window” and eliminated the last vestige of the gold standard. Nixon ordered Treasury ...
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Why Do Central Bankers Oppose a Gold Standard?
By: Mike Gleason Federal Reserve Chair Jerome Powell’s testimony before Congress was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” ...
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