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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Alasdair Macleod: The root cause of monetary confusion

By cpowell
Created 2016-09-22 21:37

By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, September 22, 2016

Arguments about sound and unsound money often degenerate into a them-and-us dispute, with the supporters of unsound money casting sound money proponents as impractical out-of-date libertarian weirdos.

Supporting one side or the other as if they were opposing football teams does not represent constructive debate, which must be approached with an open mind.

This has now become crucial, because conventional and even unconventional monetary policies have demonstrably failed in their objectives, so it is time to look at the problem from another angle. This article does this by drawing on the implications of Gibson's Paradox, its recent resolution, and its apparent absence in the post-Volcker years. ...

... For the remainder of the commentary:

https://wealth.goldmoney.com/research/goldmoney-insights/the-root-cause-... [1]



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