Ford and Edison, the anti gold bugs — Steve Keen

I guessed that most people would think that industrialists like Ford and Edison were opposed to fiat money, and in favour of "sound money"—money backed by gold or some other commodity. As this post will show, that is a false belief. These two industrialists were outright fans of fiat money—money created by the government—and critics of both the gold standard and, to some degree, private bank-created money as well./.…