The Gold Standard that Never Was

Tags: Gold Standard, Money and Banking, Free Markets

04/01/2013 Mises Wire Mark Thornton

Thorsten Polleit delivered a speech at the Austrian Economics Research Conference entitled “The Gold Standard That Never Was.” Thorsten was interviewed by GoldMoney’s Andy Duncan. The speech is discussed in this podcast. The conditions that he sees as being necessary for a gold standard to be compatible with free market principles are discussed. He explains how a 100% commodity backed currency would work with regards to the banking system.

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