On Real Clear Markets, Louis Woodhill proposes a novel way to return to the gold standard without provoking deflation: use the Federal Reserve’s open market operations to keep the dollar consistently pegged to a set gold price. This eliminates the need to hedge against inflation:
June 23, 2008
RealClearMarkets: Time for a Modern Gold Standard
Posted by James Bailey Brislin under Commentary & Politics | Tags: Fiat Money, Gold Standard, Inflation |Leave a Comment
On Real Clear Markets, Louis Woodhill proposes a novel way to return to the gold standard without provoking deflation: use the Federal Reserve’s open market operations to keep the dollar consistently pegged to a set gold price. This eliminates the need to hedge against inflation:
Time for a Modern Gold Standard
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