You are here

New York Sun: The Gilder

Section: Daily Dispatches

From the New York Sun
Monday, April 4, 2016

George Gilder's brilliant new book -- "The Scandal of Money" -- underscores an odd fact. There's an expanding list of newspapermen and writers who, having reached a certain age and covered the intellectual and political wars, have turned late in their careers and at the peak of their powers to the problem of money. They are riveted by the recognition that our abandonment of a system of honest money is at the root of our national travail.

James Grant does this in his famed bi-weekly, the Interest Rate Observer (the latest number opens with an essay on what he calls the "inflation cheering section"). Steve Forbes has brought out two late-career books on this head, including "Money," which is a call for a restoration of the gold standard. The dean of American editorial writers, George Melloan, who spent a long career at the Wall Street Journal, has brought out "The Great Money Binge."

What is so special about Mr. Gilder's contribution is its radicality. He opens with a quote from Friedrich Hayek asserting that the "source and root of all monetary evil" is "the government monopoly on the issue and control of money." He brings to the question an almost Supermanly X-ray vision that enables him to see through orthodoxy, and he opens by brushing aside the Federal Reserve, on which so many focus for its role in our long travail. ...

... For the remainder of the commentary:

http://www.nysun.com/editorials/the-gilder/89521/



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata



Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16