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Published on Mar 27, 2013
Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Episode 115: Professor Thorsten Polleit, whom recently founded Polleit & Riechert, an investment management company, is an economist who specialises in the Austrian School of Economics, sits with Andy Duncan at the Austrian Economics Research Conference 2013.
Thorsten delivered a speech at the conference entitled "The gold standard that never was." This speech, which is discussed, details the conditions Thorsten sees as being necessary for a gold standard to be compatible with free market principles.
Thorsten is an advocate of a 100% commodity backed currency and explains how this would work with regards to the banking system.
No central banking, no tender legal laws and no government involvement in the monetary system; radical ideas or a sensible approach based on the axioms of human action.