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Gold Standard Management

August 24, 2016 By Philip Barton

Wednesday “…if central bankers are managing a “gold standard” in order to control monetary policy, whatever it is they are managing is not really a gold standard.” Richard Timberlake (from: Gold Standards and the Real Bills Doctrine in U.S. Monetary Policy) There are necessary elements of the Gold standard that, when present, ensure widespread wealth creation and … [Read more...]

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