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Inefficient markets

A golden age

By Edward Chancellor   October 2002

The case for gold (part one)

Over the last 30 years, we have witnessed runaway inflation, a variety of speculative bubbles and a succession of currency crises. Is there no way to escape this mayhem, which spreads its misery from the day-labourers of Buenos Aires to the pensioners of New York? In fact, one solution offers itself; an idea so unpopular that only a handful of cranks nowadays even dare consider it. In order to rid the global economy of its chronic instability, we must return to our golden fetters.

In an introduction to a recently-published collection of historic writings…

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