Discovery Institute’s Center on Wealth, Poverty, and Morality, provides original reporting and analysis at the intersection of ethics, faith, and economics.

Wealth and Poverty
Free Enterprise
 

Nathan Lewis of Forbes Review of Gilder's Case for Stable Money

At Forbes.com, Nathan Lewis reviews George Gilder's argument for stable money in his latest book, The Scandal of Money: Why Wall Street Recovers but the Economy Never Does.

Writes Lewis: "Money, Gilder argues, is not only a medium of exchange, it is a medium for the transmission of economic information. The information inherent in prices, or profit and loss, guides all activity in the market economy. When this information becomes corrupted - when there is so much noise in the transmission medium that the signal becomes lost - then gross errors take place."

Continue reading at Forbes.com.


Leave a comment Commenting rules