Rebuttal to 'Why Conservatives Spin Fairytales About the Gold Standard.'

By John Butler of Amphora Report In a recent opinion piece published on Reuters, Professor Charles Postel twists himself into extreme pretzel logic attempting to explain that elastic, manipulated paper money favours the ‘have nots’ whereas inelastic, gold-backed money favours the ‘haves’. The article is so full of historical misconceptions, logical fallacies and raw, ad hominem attacks on gold standard advocates it is difficult to see how it got past the editors of a supposedly reputable global financial news agency. Yes, I know, the financial mainstream media, enamored as it is of modern, activist central banking, is clearly biased against gold. But when they begin to publish egregious monetary propaganda masquerading as scholarship, it smacks...