The Fake Glitter Of A Gold Standard

Ah, for the good old days of the gold standard: price stability, sound money, and low interest rates. Little wonder that Republican Presidential candidate Steve Forbes waxes nostalgic for a return to the past. "As we did throughout our nation's history until the late '60s, we must tie the value of the dollar to a fixed measure, such as gold, so that a dollar today will be worth a dollar tomorrow," he declares.

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