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Discovery News At Forbes, A Review of Gilder’s Case for Stable Money

At Forbes.com, Nathan Lewis reviews George Gilder’s argument for stable money in his latest book, The Scandal of Money: Why Wall Street Recovers but the Economy Never Does.

Writes Lewis: “Money, Gilder argues, is not only a medium of exchange, it is a medium for the transmission of economic information. The information inherent in prices, or profit and loss, guides all activity in the market economy. When this information becomes corrupted – when there is so much noise in the transmission medium that the signal becomes lost – then gross errors take place.”

Continue reading at Forbes.com.

Discovery Institute

Discovery Institute promotes thoughtful analysis and effective action on local, regional, national and international issues. The Institute is home to an inter-disciplinary community of scholars and policy advocates dedicated to the reinvigoration of traditional Western principles and institutions and the worldview from which they issued.