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Gold Standard

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One of the most famous speeches in American political history was delivered by William Jennings Bryan on July 9, 1896, at the Democratic National Convention in Chicago. His subject was the free coinage of silver...

Former Federal Reserve Chair Alan Greenspan is on a gold roll. In September, Greenspan published a thought piece in Foreign Affairs musing on the indubitable monetary qualities of gold. “If, in the words of British economist John Maynard...

Houston, Texas sure is entering a golden era. It seems that everyone is moving to the town (the nation’s fourth biggest) these days. The largest construction project in the nation is just north of the city, a...

One of the main reasons that detractors of the gold standard contend it is a “barbarous relic” (in John Maynard Keynes’s phrase) is that it was implicated in so many financial panics and economic busts back in its...

The dollar—that thing the Federal Reserve has been printing like mad the last few years—is in one of the worst spells in its history, short, medium, and long-term. Against the world’s major currencies, the dollar’s rate of exchange...

Paul Volcker The Republicans have put some serious oomph in their presidential campaign over the last month. First Mitt Romney picked Rep. Paul Ryan as his running mate, a...

Mitt Romney A group of top economists, among them any number of Nobel laureates, signed a letter endorsing Republican presidential candidate Mitt Romney’s economic plan. These economists indicated that as president,...

I’ve seen the gold standard blamed for a lot of things in my day—the busts of the 19th century, the travails of the farmer back when, the Great Depression—but I’d never thought I’d see the blame for...