Ralph Benko
American Thinker
2/20/2012
“The gold standard is a modern, digital, information-sharing, global operating standard. Moreover, it is a stable, networking, efficient, price transmission system in the form of a stable international monetary standard,” says Lewis E. Lehrman.
Big media is paying attention to proposals for a new Gold Commission. This concept first was floated by Kentucky Senator Rand Paul and reported by The Weekly Standard. A Gold Commission then was proposed by former House Speaker Newt Gingrich as part of his (winning) campaign for South Carolina. Lehrman (with whose scholarly institute this writer professionally is associated) was mentioned in both instances.
Rep. Ron Paul — now campaigning for president, in large part, on the gold standard — and Lehrman both served on the Reagan Gold Commission. The Commission met well before the good Dr. Milton Friedman distanced himself from the theory known as monetarism. Following a theory much in vogue the majority of the Commission endorsed the paper standard. Dr. Paul and Mr. Lehrman filed a minority report calling for the restoration of a stable dollar defined by law as a certain weight of gold: the gold standard. Republished, The Case for Gold remains readily available from the Mises Institute and the Cato Institute…
The article continues at American Thinker.
click on the image to enlarge
Graphic via Exposing Progressive Corporatism
