Lewis Lehrman on Gold

http://www.futureofcapitalism.com/2011/04/lewis-lehrman-on-gold

Lewis Lehman has a piece in the Wall Street Journal saying that a key to federal deficit reduction is restoring the convertability of the dollar to gold at a fixed rate. The word "Nixon" doesn't appear in the piece, but it strikes me that that one word, along with inflation rapid and painful enough to make the issue a priority, is the key to the politics of the issue: framing it to the public as undoing Nixon's mistake of August 15, 1971.

by Ira Stoll  |  Apr 25, 2011 at 10:26 pm Related Topics:  Federal Reserve, Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list