Our sagging economy proves that it's time to stop conjuring dollars
(NEWSER) - There was a time when money meant something, but now—as evidenced by the Federal Reserve’s “ plan to conjure $600 billion to support the sagging economy”—“dollars can be conjured.” In fact, writes James Grant in the New York Times , “in the digital age, you don’t even need a printing press.” And that’s not right. It’s time for the return of the gold standard, last in place from 1880 to 1914. “In its utility, economy and elegance, there has never been a monetary system like it.” More»
