How FDR’s Attack on the Gold Standard Spawned an Age of Inflation
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In his great classic, Crisis and Leviathan, Robert Higgs explained how Franklin Roosevelt’s attacks on the gold standard ushered in “the age of inflation” that has now robbed generations of Americans through the inflation tax. The explanation begins with the goofy economic theory that…
This story appeared on mises.org, 2025-02-26 16:02:18.