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How do the United States, and other countries, get from here to there? That is, how we get from the present unstable paper dollar to a stable dollar as good as gold. This question has been raised and debated at crucial junctures over the last hundred years.
After almost a century of manipulated paper- and credit-based currencies, how do nations--which need the benefits of free trade in order to prosper—terminate the anarchy of volatile, depreciating, floating exchange rates? How do the same nations stage the resumption of a true gold standard, without the escalating debt and leverage of official reserve currencies?
Since the inauguration of Bretton Woods in 1944, so-called free trade has been maintained and subsidized by the especially open market and overvalued reserve currency dollar of the United States. In a word, since World War II, free trade has often been at the expense of United States businesses, manufacturing, and labor.
How, therefore, may America now lead other nations toward an equitable and renewed world trading system based on a new monetary order, stable exchange rates, and reciprocal free trade inuring to the mutual benefit of all? How do the same nations stage the resumption of a true gold standard, without the escalating debt and leverage of official reserve currencies?
The True Gold Standard by Lewis E. Lehrman endeavors to answer these questions and more.
Available Now on Amazon.com.
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