November 29, 1998
Economics on Trial THE FREEMAN NOVEMBER 1998 by Mark Skousen “A free gold market … reflects and measures the extent of the lack of confidence in the domestic currency.” – LUDWIG VON MISES In the past two columns, I’ve highlighted the uses and misuses of gold. Despite occasional calls for a return to a gold [...]
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October 29, 1998
Economics on Trial THE FREEMAN OCTOBER 1998 by Mark Skousen “Gold maintains its purchasing power over long periods of time, for example, half-century intervals.” Rou JASTRAM, The Golden Constant1 In last month’s column, I focused on gold’s inherent stability as a monetary numeraire. Historically, the monetary base under gold has neither declined nor increased too [...]
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