AFF-NYC Discusses the Gold Standard

By AF-New York City chairman Ashok Chandra

On October 17, 2012, America’s Future’s New York Chapter relaunched with a heated discussion on the history of the gold standard and its relevance in the modern day at the private room of the Irish Exit in midtown Manhattan.

The panel of speakers, featuring Europacific Capital’s Andrew Schiff, co-author of “How an Economy Grows and Why it Crashes,” Joseph Weisenthal, of Business Insider and a frequent guest on MSNBC and CNBC and Josh Barro, of Bloomberg View, a frequent guest on MSNBC and Bloomberg TV. The debate, moderated by AF New York’s own Jared Stone, lasted for about 45 minutes with great interaction from 60 guests in attendance.

Following the discussion, we opened the floor up for questions. The discussion ranged from the historical growth of commodity backed currencies to the implications of what would have happened in Europe with a backed currency and the process and pains that would occur in the United States if we attempted to implement a commodity-backed currency.

The event served both as a platform for the attendees to learn about a very complicated topic and as a forum for New York’s young finance professional population to interact and exchange ideas with each other. In the coming months, AF-New York will maintain the same quality of its first event and will feature discussions on the implications of Dodd-Frank, the Volcker Rule and a discussion of municipal defaults.

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