Inevitable Gold Standard?

Inevitable Gold Standard? — Reader TomC, who knows a little bit about banking, sent a link to this fascinating Barron’s piece  in which respected financial guru James Grant “promises” that the United States will soon be on a gold standard.

Grant says doing so will result in more scrutiny about government spending, as is now happening.

“We have a credit card and the gold standard would be our debit card,” he said.

Oh, and for those who spend too much time watching old media and hence fear a government default, Grant also says the “the U.S. Treasury market is pretty fine”

Inevitable Gold Standard?

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