Looking Forward to Gold
Editorial of The New York Sun | September 1, 2011
As President Obama was getting set to address the Congress in respect of jobs, our attention was on James Grant. We’re adding the editor of Grant’s Interest Rate Observer to our list of sages who can articulate the case for monetary reform in the spirit of Charles de Gaulle. Mr. Grant didn’t summon 1,000 journalists to a press conference in the salle de fetes the way the president of the Fifth French Republic did in 1965. He went him one better, appearing this week on an edition of CNBC’s Squawk Box devoted to the gold standard. The result is a memorable piece of journalism that is yet another instance of an important institution — CNBC — taking a new and suddenly more respectful look at what has in recent decades been set down as, to use Keynes’ phrase, a barbarous relic.
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