Tag Archives: Balancing The Budget And The Trade Deficit Is Easy: Return To Gold Standard

Mish/ Mike Shedlock – Balancing The Budget And The Trade Deficit Is Easy: Return To Gold Standard – 31 May 2014

MishMikeShedlockThe Daily Ticker’s Lauren Lyster conducted an interesting interview today with British Member of Parliament Kwasi Kwarteng on gold and balancing the budget.

To play the video, click on the preceding link.

Kwarteng is author of War and Gold, a Five-Hundred-Year History of Empires, Adventures, and Debt.

Kwarteng notes the historic stability under gold standards, specifically citing the 2008 financial crisis and national debt level as problems related to the Fed and printing paper money. Continue reading