In Gold We Trust? A Great Debate

James Grant
David Stockman
Richard Sylla
John Dizard
Thu, 05/05/2011 - 18:30
Thu, May 5th, 2011 | 7:30 pm

Since 1971, the U.S. dollar has not been convertible into anything except small change. Like every other modern currency, it derives its value from the perceived acumen of the government that prints it. But in this era of financial insecurity, is the soaring price of gold evidence that faith in this system has wilted? Experts debate the future of our monetary system: Should the United States return to the gold standard or should it carry on by printing dollars with each successive financial crisis?

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