Thursday, July 15, 2010

Flashback: One of the First Economists to Call for the End of the Gold Standard- Skull and Bones Member Irving Fisher



Flashback. Here's an article in which economist Murray Rothbard talks about Milton Friedman and monetary policy. The subject of Yale Skull and Bones member Irving Fisher comes up(page 49) :
Hence, Fisher was one of the first modern economists to call for the abolition of the gold standard and its replacement with fiat money.
What would do without Skull and Bones members and their hostility to free markets?