Last updated on: 1/30/2013 | Author:

Brian Domitrovic, PhD Biography

Chairman of the Department of History at Sam Houston State University
Pro to the question "Should the United States Return to a Gold Standard?"

“From the first full year that the Constitution’s outline of the gold standard took effect, 1790, until 1913, the year the Federal Reserve came into existence and the serial dismantling of the gold standard began, the United States economy increased in size, in real terms, by just about 150-fold. This record of growth, which amounted to 4.0% year in and year out, was so large, so unprecedented, and so long-lasting, that not only did the United States roar by all other countries in terms of overall output over the course of this extended period, the U.S. economy was over twice as large as its closest rival, Germany…

Today, as our nation struggles to get out of a five-year cycle of recession and pseudo-recovery, and as Keynesian remedies make their last, desperate play for relevance and legitimacy, the question of gold has naturally arisen in many quarters… The moment for gold seems to be arriving—and none too soon…

There is one conclusion that we are prepared to draw after two long experiences under different monetary regimes that make up this nation’s history. This is that the era of superior macroeconomic performance was that of the gold standard. The runs of growth were larger, more consistent, and accompanied by greater price stability if not gentle deflations proper to an economy making major productivity advances…

Growth, stability, suppleness through crises, and few negative side effects: these were the criteria invented in the twentieth century to grade economic performance. The results are in. Gold fulfilled these criteria with flying colors in the long era prior. And as our fiat-money Great Recession lingers after five years, we are correct to judge the entire era of the non-gold American economy to have failed to live up not only to the best standards of economics, but to this great nation’s proven potential.”

“The Gold Standard: The Foundation of Our Economy’s Greatness,”, Sep. 2012

Involvement and Affiliations:
  • Chairman, Department of History, Sam Houston State University, 2011-present
  • Associate Professor of History, Sam Houston State University, 2011-present
  • Advisor, The Gold Standard Now, 2011-present
  • External Reviewer, Journal of Policy History, 2011-present
  • Member, Editorial Advisory Board, Modern Age: A Quarterly Review, 2005-present
  • Recipient, Fellowship Research Grant, Earhart Foundation, 2011
  • Assistant Professor of History, Sam Houston State University, 2005-2011
  • Fellow, Lehrman American Studies Center, Princeton University, 2009
  • Instructor of History, Slippery Rock University, 2002-2005
  • Member, Commission on the Status of Women, Slippery Rock University, 2002-2004
  • Library Acquisitions Chair, Slippery Rock University, 2002-2004
  • Adjunct Lecturer in History, Grove City College, 2004
  • Visiting Assistant Professor of History, Allegheny College, 2003
  • Recipient, Richard M. Weaver Fellowship Award, 1994
  • Recipient, Elsberg Award for Excellence in Modern History, Columbia College, 1989
  • PhD, History, Harvard University, 2000
  • AB, History, Columbia University, 1989
  • He has appeared on numerous radio and television stations including, C-SPAN2’s Book TV, CNN’s Lou Dobbs Tonight, and CNBC’s The Kudlow Report