"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster

Sunday, December 14, 2008

The Gold Standard

Nobel Laureate John Nash says financial crises such as the one we are currently experiencing woould be much less likely under a gold standard.

HT: Lew Rockwell.

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