Richard Timberlake, Monetary Policy in the United States: an Intellectual and Institutional History, University of Chicago Press, Chicago, 1993, pp. 232, 258. 5. Congressional Record, 63rd Congress, 1st session, p. 4691.
The book also explains why the current rage for heedless money-printing advocated by left-wing advocates of so-called Modern Monetary Theory is likely to lead the nation—and the world—down the road to disaster.
"Inflation explains the forces behind the epidemic of soaring prices squeezing individuals and businesses still struggling in the aftermath of the COVID pandemic.
Gold: the Final Standard (2017) effectively forms a trilogy with Gold: the Once and Future Money (2007) and Gold: the Monetary Polaris(2013), between them describing the tools and concepts to understand money in all its forms.
Softcover version of The Magic Formula: The Timeless Secret To Economic Health and Prosperity. With introduction by Steve Forbes.
Lewis’s ultimate conclusion is simple but powerful: gold has been adopted as money because it works. The gold standard produced decades and even centuries of stable money and economic abundance.