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Article dans une revue

The Populist Case for the Gold Standard

Abstract : There have been many calls for reforming the gold standard since the end of the classical gold standard and especially since the end of Bretton Woods. While these calls have somewhat abated in recent years, this article will attempt to show that the gold standard is still a superior monetary system, and that the reform of the monetary system is still a desirable policy. We will proceed by first analyzing the shortcomings of the present fiatmoney order, indicating how it distorts the market and society through inflation, redistribution, by artificially increasing the importance of financial markets, and by hampering US industrial production in international trade. Then we will show that these problems would cease to exist under the gold standard, and we will indicate a possible reform for returning to gold in the US. Finally, we will argue that such a reform in order to be successful must become a popular crusade-i.e., it must become a populist issue.
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https://hal.univ-angers.fr/hal-03480314
Contributeur : Kristoffer Mousten Hansen Connectez-vous pour contacter le contributeur
Soumis le : mardi 14 décembre 2021 - 16:01:31
Dernière modification le : mercredi 6 avril 2022 - 16:08:18
Archivage à long terme le : : mardi 15 mars 2022 - 19:28:36

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  • HAL Id : hal-03480314, version 1

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Kristoffer Mousten Hansen. The Populist Case for the Gold Standard. Journal of Libertarian Studies, David Gordon, 2020, 24 (2), pp.323-361. ⟨hal-03480314⟩

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