Word: goldings
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Dates: during 1960-1969
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Tying the present money problems in with the Vietnam war, he said, "The gold crisis could end the war in a different way. I don't care how it ends, as long as it ends...
...only way for the U.S. to solve the present monetary crisis is to get off the international gold standard," Thomas D. Willett, instructor in Economics, said yesterday...
Willett--whom Otto Eckstein, professor of Economics, considers one of the best-informed Faculty members on the current crisis--said he expects the Johnson Administration will stay on the gold standard and fight the gold drain...
...defense of his position, Willett pointed out that all other countries have gone off the gold standard, and now support their currencies with reserves of dollars. By going off the gold standard, the U.S. would give the other countries the choice of accepting all currencies on faith or supporting them with their own gold, he said...
...alternate solution to the crisis is to raise the price of gold. Willett said that this would "reward our enemies, who have bought heavily in gold, and hurt our friends," who have been selling it to support the dollar...