gold standard

Economists: The Only Barrier To Return To The Gold Standard

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At least 66 countries peg their currencies to the dollar. The previous number undercounts the actual number. Figure that the growth of cryptocurrencies is largely a dollar peg story (think stablecoins), which means even more of the world is pegged to the U.S. dollar. Which is the point. As Nathan Lewis has long observed, […]

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A Gold Standard Is Great, But It Doesn’t Force Fiscal Discipline

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A gold standard would do wonders for economic growth, but would almost certainly not limit the growth of our federal government. The view that it would insults markets at least three times, but certainly many more. Implicit in the notion that a gold-defined dollar would bring about fiscal discipline is the odd view suggesting

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