Archive for March, 2010

Euroland Is Being Crucified Upon Its Own Cross of Gold

Thursday, March 18th, 2010

The last quarter of the 19th century witnessed a period of sustained global deflation. In the 1896 US presidential election, William Jennings Bryan famously attacked the gold standard as the cause of deflation, declaring “You shall not press upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold.” (more…)