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Economics of a Pure Gold Standard Paperback – August 5, 2010
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"A much neglected but important work." --Murray N. Rothbard
"Mark Skousen has emerged as one of the clearest writers on all matters economic today, the next Milton Friedman." --Michael Shermer, Scientific American
"Mark Skousen has a genius for explaining complex issues in a clear way and connecting ideas. He is the Henry Hazlitt of our time." --Steve Mariotti, President, NFTE --This text refers to an out of print or unavailable edition of this title.
About the Author
Mark Skousen, Ph. D., is a professional economist, investment expert, university professor, and author of over 25 books. Currently he holds the Benjamin Franklin Chair of Management at Grantham University. In 2004 05, he taught economics and finance at Columbia Business School and Columbia University. He has also taught at Rollins College in Florida and Mercy College in New York. Since 1980, Skousen has been editor in chief of Forecasts & Strategies, a popular award-winning investment newsletter. His Ph. D. dissertation (George Washington University, 1977) was on the economics of a pure gold standard, the basis of this book. Skousen is a former analyst for the CIA, a columnist for Forbes magazine, chairman of Investment U, and past president of the Foundation for Economic Education (FEE) in New York (2001 02). He has written for the Wall Street Journal, Forbes, and the Christian Science Monitor, and has appeared on CNBC, CNN, ABC News, Fox News, and C-SPAN Book TV. His bestsellers include The Making of Modern Economics, Economic Logic, Investing in One Lesson, and EconoPower. In 2006, he compiled and edited The Compleated Autobiography, by Benjamin Franklin (Regnery). He is also the producer of FreedomFest, the world's largest gathering of free minds. In honor of his work in economics, finance and management, Grantham University renamed its business school The Mark Skousen School of Business.
Top customer reviews
Skousen presents the facts behind the various gold standard ideas. He presents the opinions and criticisms of the top economists.
I had pages of notes from my previous readings - almost all questions. Nearly all my questions are now answered. If you want to study the ideas behind the gold standard, I highly recommend you start with this book.
You'll find that moving to a gold standard is not as easy as some would lead you to believe.
The author comprehensively compares four proposals for *Fool's Gold Standards* -- all of which leave the FED cartel in place, illegally superintending American money and banking. Any book on an honest gold standard must inform readers of the LAW regarding American money. Article 1, Sections 8 and 10 of the U.S. Constitution stipulate that *only gold and silver coin* are lawful U.S. money. This is 5th grade civics.
To leave in place the counterfeiting concession granted by Congress to a crime cartel using the fraudulent brand 'Federal Reserve', is to render any "gold standard" futile -- and of course still illegal.
There is an aphorism holding that one can put ten economics PhDs in a room and give them a problem, and one will receive 20 mutually exclusive responses. Yet, a few economists got it right. For discussion of an honest gold standard, read Rothbard's The Case Against the Fed or his book The Mystery Of Banking].
For a more comprehensive analysis of the history, ethics, and mechanics of a true gold standard in international context, see Jesus Huerta de Soto's [[ASIN:1610161890 Money, Bank Credit, and Economic Cycles. In Chapter 9, Professor de Soto walks the reader through the steps required to restore any national money to a sound gold standard. Professor Huerta de Soto stands in the venerable tradition of the Salamanca School, precursor to the Austrian School of classical economics. Both schools offer two delightfully counter-cultural concepts for American economics: plain speaking, and honest dealing.
Any gold standard must include a 100% reserve requirement against bank loans, but here in America, the law requires that Congress be directly responsible for *coining* our money and regulating its value, and it does not provide for abdication of that duty by Congress.
This is 8th or 9th grade civics; no economics PhD required for these basic concepts in honesty and civics. Google the term "Exposing the Fool's Gold Standard" for a monograph offering more resources on this subject in American context.
D.M. Zuniga, P.E.
Founder, AmericaAgain! Trust
Author, 'This Bloodless Liberty'
*Paper 'U.S. Dollar' notes or even debit cards backed by *100% reserve* deposits of gold/silver would presumably comply.