That Civilized Relic: A Monetary System as Good as Gold

That Civilized Relic: A Monetary System as Good as Gold
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John Maynard Keynes, the progenitor of modern macroeconomics, famously dismissed the gold standard as a “barbarous relic.” Commodity monies have been held in low regard by economists ever since. The disdain has spread to noneconomists in policy making circles, as well. Dr. Judy Shelton is a rare exception. She is a well-known defender of the gold standard. For this reason, her nomination to the Federal Reserve’s Board of Governors has been somewhat controversial . Even the Republicans on the Senate Banking Committee seemed concerned about her support for gold. (Shelton directed the Sound Money Project, before it was […]

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SNN Editor: Scant mention of gold in recent, possibly as a way to say at least there was some discussion before the gold standard currencies come on-line. #GESARA #NESARA


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