Saturday, January 22, 2011

Back to Gold?

Bob Murphy suggests an interesting way for the US to return to a (sort of) gold standard: simply have the Fed target a gold price in dollars, rather than target an inflation level (or NGDP level, a-la Scott Sumner).

I had not thought of that.

No comments:

Post a Comment

Current review queue

Pearce: British Journal for the History of Philosophy Deneen: The American Conservative Chao-Reiss: Computing Reviews