[lbo-talk] Question to list about FDR's monetary policy

Doug Henwood dhenwood at panix.com
Sat Nov 8 08:43:51 PST 2008


On Nov 8, 2008, at 11:11 AM, B. wrote:


> What was the New Deal economic logic behind making private ownership
> of gold illegal, and asking folks to hand it over to the govt. at a
> fixed exchange rate?

They wanted to drive a stake through the heart of the gold standard.



More information about the lbo-talk mailing list