… is the question asked by Barron’s Gene Epstein. He seems to believe that the answer is yes – an appropriate conclusion that he draws after summarizing the forthcoming (in the Journal of Macroeconomics) paper by George Selgin, Bill Lastrapes, and my GMU Econ colleague Larry White entitled “Has the Fed Been a Failure?”
Speaking of George Selgin, here’s a new op-ed he wrote on the gold standard.
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