All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Saturday, October 2, 2010

Gold and Free Market Banking - Lawrence H. White

Lecture presented by Lawrence H. White at the Ludwig von Mises Institute's first-ever conference, "The Gold Standard: An Austrian Perspective" held in Washington, DC; November 16-17, 1983. http://mises.org

Lawrence H. White is an Economics Professor at George Mason University. He currently teaches a graduate level course on Monetary Theory and Policy. White earned his AB at Harvard University (1977) and PhD at the University of California at Los Angeles (1982).

Before his current role at George Mason University he held a position as F.A. Hayek Professor of Economic History with the University of Missouri--St. Louis Economics department. He held this position from August 2000 to August 2009 and taught classes on American Economic History, Monetary Theory, and Money and Banking. Previously, he was Assistant Professor at New York University and Associate Professor at The University of Georgia in Athens, Georgia.

He is noted for contributing to the body of thought known as the Austrian School. He has analyzed the theory and history of free banking, a system under which commercial banks and market forces control the provision of banking services. (Source: Wikipedia)

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