“Central bank independence throughout the world has replaced gold and silver as the guardian of the currency.” That sentence, towards the end of William Silber’s new book on the downstream consequences of the Silver Purchase Act of 1934, made me pause. I hadn’t seen it put quite so clearly before.
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Central Bank Independence Faces Another Test
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“Central bank independence throughout the world has replaced gold and silver as the guardian of the currency.” That sentence, towards the end of William Silber’s new book on the downstream consequences of the Silver Purchase Act of 1934, made me pause. I hadn’t seen it put quite so clearly before.