The Gold Standard that Never Was

Tags: Gold Standard, Money and Banking, Free Markets

04/01/2013 Mises Wire Mark Thornton

Thorsten Polleit delivered a speech at the Austrian Economics Research Conference entitled “The Gold Standard That Never Was.” Thorsten was interviewed by GoldMoney’s Andy Duncan. The speech is discussed in this podcast. The conditions that he sees as being necessary for a gold standard to be compatible with free market principles are discussed. He explains how a 100% commodity backed currency would work with regards to the banking system.

What Is The Mises Wire?

Mises Wire offers contemporary news and opinion through the lens of Austrian economics and libertarian political economy.

Submitting articles to Mises Wire

Reprints, Permissions & Copyrights

The views expressed on Mises Wire and mises.org are not necessarily those of the Mises Institute.

Subscribe to the Mises Wire

Latest Articles

MMT: Believe in the “Incredible Power” of the State

04/24/2024 Power & Market Jonathan Newman

Jordan Klepper: You need to-- you know what you need to do? You need to take some-- some THC or some DMT and let the MMT just wash over you. Let the paradigm shift come to you, Ronny Chieng. Ronny...

Driver’s Licenses Waive Personal Responsibility and Contribute to Disorder on the Road

04/24/2024 Mises Wire Daniella Bassi

Driving home one Friday afternoon, I got stuck behind an elderly woman going twenty miles per hour under the speed limit. The speed limit was forty-five. We were on a country road, so I couldn’t pass...

Does Libertarianism Reject Communities? Libertarianism Actually Strengthens Them

04/24/2024 Mises Wire Aaron Sobczak

Many opponents of libertarianism claim to reject its philosophy because of its extreme individualist tendencies or because they believe it encourages selfishness. While there are libertarians who are...

Cowardice, Not Courage, Led House Republicans to Side with the Democrats

04/24/2024 Mises Wire Connor O'Keeffe

Over the weekend, the House of Representatives passed four foreign aid bills that will allocate a combined $95 billion to Ukraine, Israel, Taiwan, and other “national security priorities.” House...

Final Nail in America’s Coffin?

04/23/2024 Power & Market Ron Paul

When future historians go searching for the final nail in the US coffin, they may well settle on the date April 20, 2024. On that day Congress passed legislation to fund two and a half wars, hand what...

Meet the Writer

Mark Thornton

Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the...

Introducing the Unanimity Podcast

04/20/2024 Mark Thornton

Mark Thornton explores basic concepts of the world, humanity, and the disagreeableness in society.

The PPI Again!

04/19/2024 Mark Thornton

Mark takes another look at the Producer Price Index.

Subscribe to our Mailing Lists

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member