The Gold Standard

The Gold Standard

Written by David Lungren
SPPI, 23 December 2009

In 1971, the United States abandoned the gold standard, effectively ending the ability to convert dollars into gold. Now another gold standard has taken its place, i.e., the science produced by the UN’s Intergovernmental Panel on Climate Change (IPCC). According to NOAA Administrator Jane Lubchenco, the IPCC is “the gold standard for authoritative scientific information on climate change because of the rigorous way in which they are prepared, reviewed, and approved.” Unfortunately for some, the “gold standard” is at the heart of Climategate.

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