Lawrence H. White, professor of economics at George Mason University, discusses the gold standard, and falsehoods about it. He says that there is enough gold in the United States and Europe to return to a classical gold standard. Dr. White spoke with David Lin, Anchor and Producer at Kitco News.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Larry White on Twitter: @lawrencehwhite1 (https://twitter.com/lawrencehwhite1)
0:00 – Types of gold standard
3:19 – Printing money to finance expenses
5:22 – Inflation today
6:26 – Gold standard and deflation
7:53 – Monetary policy
9:21 – How a gold standard works
10:10 – Bitcoin standard
12:50 – Gold prices after Nixon
13:54 – Do we need the Fed?
14:16 – Is there enough gold?
15:22 – Larry’s new book
20:05 – Hyperinflation
21:51 – What the Fed should do
23:16 – Investment implications
24:31 – Free banking and DeFi
#bitcoin #fiat #gold
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