Commentary

Currency Trading Is in Chaos
It’s Time to Reconsider the Gold Standard


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Trade theorist Paul Krugman, imperious in his Nobel crown; Christine Lagarde of the International Monetary Fund; some 370 economists including 19 Nobel Laureates; and even David Stockman, formerly of the Reagan White House, all agree: President Donald Trump is a menace to world trade and prosperity.

As a free-trading supply sider, I once shared these fears. However, I was wrong. I underestimated the significance of the chaos of currency trading.

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George F. Gilder is Chairman of George Gilder Fund Management, host of the Gilder Telecosm Forum, Senior Fellow at the Discovery Institute, and a founding Member of the Board of Advisors for the Independent Institute.