More About James Grant
A speech given at the Federal Reserve Bank of New York, Grant criticizes the Fed for exchanging central banking for a kind of central planning and the gold standard for what he calls a Ph.D. standard.
Grant foresees a new American gold standard despite Wall Street's stake in monetary chaos.
We invest in a hall of mirrors. There is systematic of manipulation of values carried out by central banks the world over.
The outlook for Federal Reserve monetary policy and the consequences of the central bank's policy of quantitative easing.
A proper gold standard promotes balance in the financial and commercial affairs of participating nations. The pure paper system promotes and perpetuates imbalances.
The truth is that the current mess is a symptom of persistent financial derangement, in particular a sickness of the dollar.