Gold Standard – Should It Be Restored and Is It Politically Feasible?

by Mateusz Urban

Cynics dispose of the advocacy of a restitution of the gold standard by calling it utopian. Yet we have only the choice between two utopias: the utopia of a market economy, not paralysed by government sabotage, on the one hand, and the utopia of totalitarian all-round planning on the other hand. The choice of the first alternative implies the decision in favour of the gold standard. (Ludwig von Mises) Continue reading