Sticker Shock at the Auto Museum: Let’s Price Things in Gold

This post Sticker Shock at the Auto Museum: Let’s Price Things in Gold appeared first on Daily Reckoning.

“The bank that has only enough cash for its daily requirements is unsafe,” noted Henry Ford in 1906. “And the car with only enough power for ordinary use falls down in an emergency,” he added. Henry Ford, circa 1915. Courtesy Ford Motor Company. As a budding industrial tycoon in America’s gold-standard days, pre-Federal Reserve, Mr. […]