1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

The Monetary Economics of Benjamin Graham

March 17, 2011

The Monetary Economics of Benjamin Graham

by Perry Mehrling Barnard College, Columbia University New York, NY


"Return to gold convertibility is not the answer either, because the price of gold no longer depends on its intrinsic value, but rather is determined by its artificially inflated monetary value. This emerging defect of the orthodox gold standard is, Graham suggests, one reason for the superficial attractiveness of various schemes for managed money (n.5, p. 257). The fact remains that convertibility into gold no longer provides the kind of connection to real value that is required for a good currency.10 So what is to be done?"


Rating: 0.0/5 (0 votes)


Please leave your comment:

Performances of the stocks mentioned by

User Generated Screeners

Doug Taylor<3 pe
nec5555Pat Dorsey Moat 5Y v1
nec5555Pat Dorsey Moat 5Y
opadovaniP Median2 No DIV
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat