Gold Without the Gold Standard - Michael Hudson
Gold Without the Gold Standard - Michael Hudson
Source: Michael Hudson
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DW NOTE
Hudson's headline promises critique of the post-Bretton Woods order but delivers no excerpt — a void where analysis should be. Gold is down 16.8% from its January high while crude holds above $100 on supply destruction that knocked 6% off global output. The Fed just hiked into that with inflation at 3.4% and the 10-year at 4.94%. If Hudson has something to say about gold's function in a system where central banks expand balance sheets to defend yield caps and governments run $1.8 trillion deficits, the excerpt should contain it.