We Need a One-World Currency

Not some government-manufactured unit like the fiat dollar, but gold, for peace, trade, and prosperity. As the empire’s currency collapses–as Hazlitt, Mises, Rothbard, Hoppe, Salerno, Hulsmann, and Ron Paul have predicted–even the Establishment is noting the evil of monetary nationalism and the destructive chaos of 150 floating fiat currencies, and calling for a return to an improved 19th-century style international gold standard. Note to Dr. Steil: while mainstream economists have been worse than useless, the Austrian economists have gotten it right. (Thanks to Dennis Lubahn.)