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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (27639)	5/4/2012 11:03:11 AM
From: Tommaso	2 Recommendations Read Replies (2) \| Respond to of 29622

Well, almost everyone gives Milton Friedman all the credit for the idea that a steady, prescribed monetary growth ought to take the place of ad hoc management by the Federal Reserve. But what I quoted was from the writings of a largely forgotten U. S. economist, Alexander Del Mar, who reached the exact conclusions that Friedman did, nearly 75 years earlier. Del Mar observed and participated in the various evolutions of the gold standard from about 1840 to 1880. He did not approve of a gold standard, preferring silver. But clearly he thought paper money could work, provided its growth was restricted. Nobody seems to have learned anything from either Del Mar or Friedman or any other advocate of a stable currency. All I hope is that I don't end up with a prison sentence for the crime of owning gold.