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Monday, August 15, 2011

Monetary

Econ Comments                                                                                                             
WSJ | The Nixon Shock Heard 'Round the World
By severing the dollar's convertibility to gold in 1971, the president ushered in a decade of inflation and economic stagnation.
DesMoines Register | Guest columnist: Road to downgrade began 40 years ago with ditching of gold standard
Those who try to chart the course of our credit downgrade will blame Barack Obama’s profligacy or Republicans’ brinksmanship, or maybe even Standard & Poor’s callousness. But these can be no more than ancillary factors.

Blogs                                                                                                                             
Minyanville | Gold Vs. the Dollar, Bernanke's Liquidity Trap, and Our $700 Trillion Derivatives Monster
Some key opinions from investor Brian Rogers of Fator Securities.