thevictoryreport.org / By DF / December 2, 2012
Chair: Gary Wolfram – Hillsdale College
Free Market Forum 2012
DF Note – this is my summary of the presentation
George Selgin – University of Georgia
A history of the gold standard: The classical gold standard replaced the silver standard originally envisioned by America’s founders. By the beginning of WWI, the gold standard was lost – when many of the world’s countries went off the gold standard. Attempts to bring back the gold standard after WWI were not based on a true gold standard and were designed (unintentionally) to fail – to include the Bretton Woods system after WWII.
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