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Whither The Gold Standard?

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This article is more than 9 years old.

I have been writing for Forbes for a year and a half. I’ve met many great people, learned a lot, had some fun, and I believe, added to the monetary conversation. I have covered economic ideas such as what made gold money, current events such as progress in Arizona (Update: The bill has passed the Senate), and talked about how our monetary system is failing most people. More important than rising prices, is the falling interest rate as the Federal Reserve relentlessly buys bonds and gives free gains to bond speculators.

I am grateful to Steve Forbes for inviting me onto the Forbes platform, and the Forbes editors, particularly John Tamny and Avik Roy, for their help.

I am both proud and excited to see the growth of the gold standard movement in America. States like Utah, Oklahoma and now (hopefully!) Arizona are leading in a sea change that is going to alter the monetary system. I founded an organization, The Gold Standard Institute, to help people understand what’s wrong with the dollar and what’s right with gold.

The gold standard is an international movement. Americans aren’t the only ones getting hurt by irredeemable paper money forced onto us by overweening government. People in other countries are also demanding their right to use gold if they choose.

I feel privileged and honored to have met some of the smartest monetary thinkers and leaders around the world. I am reminded that gold has been part of the monetary system more recently elsewhere than in the U.S., and also for far longer. I refer, of course, to Switzerland.

I am partnering with the Swiss National Bank and Swiss Franc Blog. On their site, my column will have greater visibility in the international financial community. Over the past several months, we have been assembling a team and process to translate my articles into several other languages. Appropriate to Switzerland which has three official languages—German, French, and Italian—those translations will be offered next to the English originals.

I am therefore pleased to announce that my column is moving here.