February 1, 2012 § Leave a comment
For a third time in a row the Daily Bell responded to an article I wrote for Henry Makow’s site about Gold as Currency. Here’s my response to that.
In an ongoing debate the Daily Bell rehashes the ‘free market’ version of the Gold Standard and defense of the indefensible: deflation. In these matters another problem of Austrian Economics comes to light: too much reliance on deduction, blinding them to the obvious practical issues.
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