Short, concise dissertation to pass along to unsuspecting kool-aid drinkers.
Bernanke's Great Fib - The "Gold Standard" and the Great Depression
By Jake Towne
The claim that the "gold standard" caused or worsened the Great Depression debunked.
(If you like this article, a more formal paper version of this article may be downloaded here. Jake Towne - Bernanke's Great Lie - The 'Gold Standard' and the Great Depression Please distribute if you see fit.)
The purpose of the following is to argue that the "gold standard," as understood by most of the public, did not cause or worsen the Great Depression as current FED Chairman Ben Bernanke has based many of his papers, speeches, and, to a large extent, his entire career on. In our contemporary times, I do believe this blame must be firmly rejected and monetary policy should, at the very least, be debated in a national forum. Indeed many other economists, such as the Friedman family, Anna Schwartz, Alan Greenspan, and Jeffrey "Shock Doctor" Sachs, have all propagated this lie. (photo)
Jake Towne is running for U.S. Congress in eastern Pennsylvania's 15th district in 2010. Prior to returning home, he had been living in Shanghai as an engineer in the semiconductor industry for over 3 years. As part of defending liberty and championing the Constitution, Towne is offering the citizens in his area a novel form of accountable government called "Our Open Office."