• Corpus ID: 36809432

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. 
1 Citations
AUSTRIAN SCHOOL OF ECONOMICS’ SUGGESTION FOR INTRODUCING FREE PRIVATE BANKING SYSTEM IS SO ABSURD THAT IT CAN NEVER BE IMPLEMENTED
Economists of Austrian School think that a few commodities (ultimately gold and silver) emerged as mediums of exchange out of the barter system. They think if money were commodity-money, only then

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