Thanks to Tracy Schumer for pointing out the column byAndrew Leonard in Salon. Leonard, a devoted fan of the Federal Reserve and sworn enemy of the gold standard, is disturbed that “ideas that once were relegated to the minority, or consigned to the crackpot cellar, are suddenly getting full exposure in the bright of the day.” Ideas like Austrian economics, honest money, competitive currencies, and abolishing the Fed, as championed by Ron Paul. So Leonard interviews establishment anti-goldite Barry Eichengreen of Berkeley to refute Ron et al. The late Murray Rothbard was once seated next to Eichengreen, and he demanded … Continue reading Dangerous Ideas Abroad in the Land