Bernanke's Great Lie: Gold and the Great Depression »
Posted By populist 11 months, 1 week ago in Business & FinanceThe purpose of the following is to argue that the "gold standard," as understood by most of the public, did not cause or worsen the Great Depression as current FED Chairman Ben Bernanke has based many of his papers, speeches, and, to a large extent, his entire career on. In our contemporary times, I do believe this blame must be firmly rejected and monetary policy should, at the very least, be debated in a national forum. Indeed many other economists, such as the Friedman family, Anna Schwartz, Alan Greenspan, and Jeffrey "Shock Doctor" Sachs, have all propagated this lie
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beavith111 months, 1 week ago
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that was an interesting article. thanks for posting it.
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its great on history, and it helps explain where our current crop of financial gurus are 'coming from.'
its light on ideas for a direction out of this mess. i'm not sure the author believes that the gold standard is the way out. his opinion of fiat money makes me think that fiat isn't the solution either.
what next?
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