{"product_id":"the-new-gold-standard-9781118043226","title":"The New Gold Standard","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe guide to returning to a gold standard    All that glitters is gold and gold has never glittered so much as it has in the last decade, reaching staggering new prices in recent years.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: Gold and the Domestic Economy\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Why Gold? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGold: The King of Metals 4\u003c\/p\u003e \u003cp\u003eGold Becomes the Standard of the World 5\u003c\/p\u003e \u003cp\u003eToo Little Gold—Or Too Much Paper? 6\u003c\/p\u003e \u003cp\u003eThe “Gold Prevents Prosperity” Myth 8\u003c\/p\u003e \u003cp\u003eIn Gold We Trust 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Gold Standard: A Standard for Freedom 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Money Is 15\u003c\/p\u003e \u003cp\u003e.AndWhat Money Is Not 18\u003c\/p\u003e \u003cp\u003eThe Nature of Inflation 20\u003c\/p\u003e \u003cp\u003eThe Fiat Standard at Work 22\u003c\/p\u003e \u003cp\u003eThe Illusion of Prosperity 23\u003c\/p\u003e \u003cp\u003eThe Meaning of the Gold Standard 25\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Why Prices Have Not Skyrocketed 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn Human Action 28\u003c\/p\u003e \u003cp\u003eQuantity versus Values 31\u003c\/p\u003e \u003cp\u003eThe Quantity of Money and the Gold Standard 32\u003c\/p\u003e \u003cp\u003eToo Little Fiscal Responsibility Chasing Too Many Politicians 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Inflation\/Deflation Conundrum 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Cause of the Recent Spike in Commodities 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Central Banking in the Twenty-First Century 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Rise of Populism 42\u003c\/p\u003e \u003cp\u003eA World in Transition 45\u003c\/p\u003e \u003cp\u003eThe Fed of the Twenty-First Century 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: The International Gold Standard \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 The Making of an International Monetary Crisis 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonetary Theory: Past 57\u003c\/p\u003e \u003cp\u003eNo Curb on Governments 58\u003c\/p\u003e \u003cp\u003eThe Policy Makers 59\u003c\/p\u003e \u003cp\u003eThe Process of Confusion 60\u003c\/p\u003e \u003cp\u003eCondemnation of Gold 61\u003c\/p\u003e \u003cp\u003eEvolution of the Theory 62\u003c\/p\u003e \u003cp\u003eFractional Reserve Banking 63\u003c\/p\u003e \u003cp\u003eThe Great Depression 65\u003c\/p\u003e \u003cp\u003eDevaluation in 1934 66\u003c\/p\u003e \u003cp\u003eBretton Woods 67\u003c\/p\u003e \u003cp\u003eThe Theory Projected 67\u003c\/p\u003e \u003cp\u003e“If at First You Don’t Succeed .” 69\u003c\/p\u003e \u003cp\u003eThe SDR: As Good as Gold Again! 70\u003c\/p\u003e \u003cp\u003eDebt Amortization or Default: The False Alternative 71\u003c\/p\u003e \u003cp\u003eThe Frightening Prospect of an International Debt 72\u003c\/p\u003e \u003cp\u003eToward an International Fiat Reserve System 74\u003c\/p\u003e \u003cp\u003eSimply Repetitious 75\u003c\/p\u003e \u003cp\u003eThe Real Meaning of Monetary Reform 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Death of Bretton Woods: A History Lesson 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFixed Exchange Rates, Flexible Rules 80\u003c\/p\u003e \u003cp\u003eExport or Devalue: Institutionalizing the Devaluation Bias 82\u003c\/p\u003e \u003cp\u003e“Hot Money” Blues 84\u003c\/p\u003e \u003cp\u003eThe Role of the Dollar under Bretton Woods 85\u003c\/p\u003e \u003cp\u003eLimited Gold—Unlimited Dollars: A Formula for Disaster 86\u003c\/p\u003e \u003cp\u003eConfidence versus Liquidity—A Two-Tier Tale 87\u003c\/p\u003e \u003cp\u003eGold’s Limitations: A Blessing in Disguise 87\u003c\/p\u003e \u003cp\u003eU.S. Balance of Payments Problems 89\u003c\/p\u003e \u003cp\u003eThe First Straw 89\u003c\/p\u003e \u003cp\u003eOn Selling One’s Cake and Wanting It Too 89\u003c\/p\u003e \u003cp\u003eThe Illusion of the Last Straw 90\u003c\/p\u003e \u003cp\u003eThe High Price of Gifts 91\u003c\/p\u003e \u003cp\u003eOn Domestic Dreams and International Nightmares 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Who’s Protected by Protectionism? 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Principles 97\u003c\/p\u003e \u003cp\u003eEnter Protectionism 98\u003c\/p\u003e \u003cp\u003eTrade between Nations 99\u003c\/p\u003e \u003cp\u003eTo Protect the Balance of Trade 100\u003c\/p\u003e \u003cp\u003eTo Protect Domestic Markets 102\u003c\/p\u003e \u003cp\u003eTo Protect Domestic Wages 102\u003c\/p\u003e \u003cp\u003eProtectionism: The Greatest Threat to Prosperity 104\u003c\/p\u003e \u003cp\u003eThe U.S. Balance of Payments Problem in Perspective 106\u003c\/p\u003e \u003cp\u003eThe Protection Racket 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Returning to a Gold Standard \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Are the Fiat and the Gold Standards Converging? 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Monetary System Needs to Know Its Limitations 113\u003c\/p\u003e \u003cp\u003eReduced Leverage Equals Reduced Speculation 115\u003c\/p\u003e \u003cp\u003eThe Process of Convergence 116\u003c\/p\u003e \u003cp\u003eA New Day 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Gold: The New Money 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRediscovering Gold 123\u003c\/p\u003e \u003cp\u003eThe International “Walk” on Gold 124\u003c\/p\u003e \u003cp\u003eCompeting Monies 125\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 How Not to Advocate a Gold Standard 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Intrinsic Worth Argument 130\u003c\/p\u003e \u003cp\u003eThe Store of Value Argument 131\u003c\/p\u003e \u003cp\u003eGold Price Predictions 132\u003c\/p\u003e \u003cp\u003eThe Legal Tender Argument 133\u003c\/p\u003e \u003cp\u003eThe Official Price of Gold Fetish 134\u003c\/p\u003e \u003cp\u003eThe Devaluation Syndrome 137\u003c\/p\u003e \u003cp\u003eThe Stop Printing Money Argument 139\u003c\/p\u003e \u003cp\u003eThe Demonetization Threat 140\u003c\/p\u003e \u003cp\u003eOn Context, Cause, and Effect 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Investing in Gold\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Lessons of a Life-Long Gold Investor 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn Trading 151\u003c\/p\u003e \u003cp\u003eThe Rules of the Game 152\u003c\/p\u003e \u003cp\u003eWhen to Be Flexible 154\u003c\/p\u003e \u003cp\u003eAnd When to Stick to Your Guns 156\u003c\/p\u003e \u003cp\u003eOn Investing 157\u003c\/p\u003e \u003cp\u003eShakeouts 160\u003c\/p\u003e \u003cp\u003eTurning a Disadvantage into an Advantage 163\u003c\/p\u003e \u003cp\u003eOn Leverage 164\u003c\/p\u003e \u003cp\u003eWhen to Sell a Stock 167\u003c\/p\u003e \u003cp\u003e“Be Afraid. Be Very, Very, Afraid ” 168\u003c\/p\u003e \u003cp\u003eHow to Own Gold 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 My Final Word on Gold 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn Bretton Woods II 173\u003c\/p\u003e \u003cp\u003eThe New SDR Threat 175\u003c\/p\u003e \u003cp\u003eOn QE 2 178\u003c\/p\u003e \u003cp\u003eThe Banking System of a Free Society 181\u003c\/p\u003e \u003cp\u003eIn Conclusion 183\u003c\/p\u003e \u003cp\u003eRecommended Reading 185\u003c\/p\u003e \u003cp\u003eBibliography 189\u003c\/p\u003e \u003cp\u003eAbout the Author 191\u003c\/p\u003e \u003cp\u003eIndex 197\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406824120663,"sku":"9781118043226","price":24.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118043226.jpg?v=1730497239","url":"https:\/\/bookcurl.com\/products\/the-new-gold-standard-9781118043226","provider":"Book Curl","version":"1.0","type":"link"}