Full Article: One Nation Under Gold (2017)
By: James Ledbetter
One Nation Under Gold (2017), by James Ledbetter, is, pretty much, a gold-bashing exercise. I think it is propaganda: that is to say, not a forthright expression of an individual’s independent and informed view, but an intentional effort to mold public opinion to serve certain agendas. The tone and method is very much like The Power of Gold: the History of an Obsession, by Peter Bernstein, seventeen years earlier — so similar, indeed, that it sometimes seems that it could have come from the same team of ghostwriters. Apparently, Bernstein’s publisher devoted a quarter-million dollars to promote that earlier book.
“Worshipped by Tea Party politicians but loathed by sane economists, gold has historically influenced American monetary policy and has exerted an often outsized influence on the national psyche for centuries” reads the first words of the dust jacket blurb, setting the tone for the rest of the book. In the preface, Ledbetter says:
Full Article: One Nation Under Gold (2017)
By: James Ledbetter
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