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    I point out that the international monetary system has already collapsed three times within the last years—, , and —and that another collapse would not be at all unusual. I talk about what that reformation will look like. He goes on to strip the bark off of some of the criticisms of, and polemics surrounding, the gold standard.

    Further refutations are welcome until the culture fully assimilates just how asinine is the myth of "not enough gold. Rickards then disposes of the even more pernicious myth that the true gold standard caused and perpetuated the Great Depression. The gold exchange standard was, at best, a pale imitation of a true gold standard and, at worst, a massive fraud.

    Highlights

    The sequence of events from to shows that the Great Depression was caused not by gold but rather by central bank discretionary policies. Central bank mismanagement as causing the Great Depression is in no way a fringe claim. You're right, we did it. We're very sorry.

    Is James Rickards Right About A Coming Monetary Apocalypse?

    But thanks to you, we won't do it again. There are few more tendentious comments on gold than the a priori statement that a gold standard cannot work today. This columnist, while in general agreement, has some quibbles with Rickards. This columnist, on behalf of American Principles In Action for which he serves as Senior Advisor has briefed well over Congressional legislative aides on the importance of good monetary policy for creating a climate of equitable prosperity. As Forbes. Congresspeople universally favor equitable especially the Democrats prosperity especially Republicans.

    The Death of Money makes a valuable contribution to our economic discourse. A lot of data suggests that the gold standard is the best formula to bring America, and the world, out of economic stagnation.

    There is evidence here, but not extraordinary proof.