I love Ron Paul, if only because he’s bringing the debate over the Gold Standard kicking and screaming back into American Politics. I hope he gains some political steam, because I bet Obama could give a great, “Cross of Gold” speech that would be fun to watch! However, I was re-reading one of my fa…

We are better off letting the market decide.

Gold, Peace and Prosperity by Ron Paul Free Market Money? Perhaps in the future we need to consider free market money, allowing consumers to decide about their money the way they decide about everything else. Hans Sennholz and Friedrich von Hayek argue for this system. And it existed at one time in…

Perhaps we are “better off letting the market decide”… I wasn’t arguing to the contrary. I am wondering what “killed” the idea of changing the money supply from gold to a basket of goods? Was there a specific argument, or did fiat currency, forgive the pun, “make” the argument moot? Is there a re…

Perhaps reading this topic might answer some of your questions: [image] Gold Standard Vs Competing Currencies? Economics Questions I assume a gold standard implies a government controlled gold standard? Does a forced monopoly on the money supply by the govern…

Howdy! Lysander Spooner proposed a realestate backed note in A New Banking System: The Needful Capital for Rebuilding the Burnt District . He makes the case that hard money is good, but can be further backed by land holdings. I am not in favour of his system for many reasons. One being that land is …

The fact that Hayek later argued for a free market in money. Having a single, extremely valuable commodity is beneficial since it effectively prevents fraud/fractional reserves. Under, say, a steel monetary system, you would need huge amounts of steel to back up one or two dollars. Because of thi…

he is saying that Ron Paul is an anarchist.

What are you talking about? Ha, never mind me. It was a bit of a vent directed at those who call Ron a statist & do their best to completely dismiss the good he has done at spreading the message of Liberty - and above all else, increasing the no. of Austrian’s / libertarians / anarcho-capitalist…

What ever happened to Hayek's Commodity Reserve Currency?

Economics Economics Questions

Tex2002ans June 20, 2009, 4:04am 5

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What ever happened to Hayek's Commodity Reserve Currency?

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