Cato Institute Policy Analysis No . 16 : The Gold Standard : An Analysis of Some Recent Proposals
@inproceedings{Salerno2010CatoIP,
title={Cato Institute Policy Analysis No . 16 : The Gold Standard : An Analysis of Some Recent Proposals},
author={Joseph T. Salerno},
year={2010}
}The case for a free-market commodity money as provided by a genuine gold standard is simple yet decisive. It is based on the insight that the root cause of inflation in the modern world is the almost absolute monopoly over the supply of money which all national governments possess within their respective political jurisdictions. That such an arrangement necessarily produces inflation is not difficult to explain.
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