Research

Gold or Paper?


SUGGESTED ARTICLES

Labour Market

The relationship between the money supply and inflation

Government and Institutions

Classic introduction to public choice theory by one of the pioneers in the field

Tax and Fiscal Policy

No government has maintained the value of its currency without external discipline

https://iea.org.uk/wp-content/uploads/2016/07/Gold or Paper_0.pdf
Many governments have issued paper money backed only by their own authority; all the major countries are doing this now; these currencies have eventually ended in rapid inflation.

Down the centuries no government has maintained the value of its currency without external discipline, of which the best is the obligation to convert currency into gold. The world has a long way to go before it learns to manage its money without gold.

Hobart Paper 69

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