History debunks the magic of gold-backed money

Summary: We’ll hear much from Republicans during Campaign 2016 about the glories of a gold-backed currency. Today’s post debunks that with history from 19th Century Britain, when both men and money were hard.   {1st of 2 posts today} “Accursed thirst for gold! what dost thou not compel mortals to do?” — Virgil’s Æneid (29-19 BC). […]

Read Full Story from The Fabius Maximus website http://fabiusmaximus.com/2015/06/25/history-of-gold-backed-currency-86446/
This article by Editor of the Fabius Maximus website originally appeared on fabiusmaximus.com on June 25, 2015 at 11:30AM