Here:
Today, the Federal Reserve, with the blessing of Congress, large banks, and many others, has embarked on an open-ended policy of printing money on a daily basis, basically to fund the Federal government's budget deficit although no one may speak such things in name. These situations tend to end badly, and are soon followed -- as was the case with the United States in 1789, immediately after the Continental Dollar hyperinflation of the 1780s -- by a rigorous gold standard system, more along the lines of the other four proposals that Shelton identifies.
The biggest gold standard advocates are those who lived through a hyperinflation. It is easy to forget that the hard money advocates of 1789 -- Hamilton, Jefferson, et. al -- were actually the same people that were printing money to finance Federal budget deficits in the 1780s, in the guise of the Continental Congress. Oops. More recently, people like Ludwig von Mises, who lived through the Austrian hyperinflation of the 1920s, became the biggest gold standard advocates of the 20th century.
Larry Kudlow likes her a lot, too, and had her on his show yesterday. You can listen to the podcast about an hour and twenty in at wabcradio.com: Go to the Saturday schedule and scroll down for the podcast.
