Economic Indicators

The End of the Gold Standard. Fifty Years of Monetary Insanity

The gold standard supposed a limit to the fiscal voracity of governments, and suspending it unleashed the perverse proclivity of the states toward indebtedness and to pass the current imbalances on to future generations.

Original Article: “The End of the Gold Standard. Fifty Years of Monetary Insanity

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.