May 29, 2008
More gold for your ears

I did a half-hour radio show by phone this week, “It’s Your Money” from Omaha, Nebraska. It's available here (May 25th show) in Real Audio or Windows Media. It’s more or less an audio version of my Cato piece on the gold standard: they asked about the common objections to a gold standard, and I summarized my answers. I come on at about 3:40 into it.

Posted by Lawrence H. White at 03:57 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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