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Alasdair Macleod: Returning to sound money

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, November 18, 2021

With the threat of dollar hyperinflation now becoming a reality, it is time to consider what will be required to stabilise the currency, and by extension the other fiat currencies which regard the dollar as their reserve.

This article takes its cue from Ludwig von Mises' 1952 analysis of what was required to return to a proper and enduring gold standard -- metallic money, particularly gold, having been sound money for thousands of years, to which everyone has always returned when government fiat currency fails.

... Dispatch continues below ...


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When Mises wrote his 1952 article the dollar was nowhere near the state it is in today. But Mises had had practical experience of what was involved, having advised the Austrian government during and after its hyperinflation of the early 1920s, making his analysis doubly relevant.

As a remedy for the developing collapse of the dollar, this article can do little more than address the major issues. But it shows how an economic and monetary collapse of the dollar can be turned to advantage -- the opportunity it creates through the destruction of Keynesian and other inflationist fallacies to secure long-term economic and monetary stability under which economic progress can be maximized. ...

... For the remainder of the report:

https://www.goldmoney.com/research/goldmoney-insights/returning-to-sound-money?gmrefcode=gata

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Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at: bagman1236@aol.com

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Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://tinyurl.com/3xt6uw66

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

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Help keep GATA going:

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