Tuesday, July 15, 2014

Steve Forbes Promotes a Gold Standard

"Steve Forbes, speaking recently in Las Vegas, continued to advocate a gold standard of sorts–  i.e. pegging the US dollar to gold at (say) $1200 per ounce.  If gold rises to $1300, the Fed decreases the supply of dollars.  It it falls to $1100, the Fed inflates..."

at http://bastiat.mises.org/2014/07/steve-forbes-promotes-a-gold-standard/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MisesBlog+%28Mises+Economics+Blog%29

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