The Fallacious Notion of 'Money Supply'

Most stuff that I read can be filed into a bin marked "Yeah, I agree" or "What an idiot." Much more rare is the piece that makes me really stop and think, or challenge me to see the world in a different light. This is one such column, that has made me rethink some of my notions about money supply and inflation. Perhaps a boring subject, but an important one.

I'm increasingly starting to wonder if Ron Paul is right and that a return to the gold standard -- along with the abolishment of the Federal Reserve -- is the right course of action.