Sunday, May 22, 2011

If the Gold Standard Is So Good, Why No Standard?

Nathan Lewis, Forbes
Sometimes people ask me: If the gold standard is so great, why aren't we using it right now?This is a good question. The basic answer is that it would prevent central bankers, and governments, from doing something they have become very fond of over the past several decades--attempting to solve their economic difficulties with some sort of "easy money" policy. You can see this remains very popular today.emailprintreprintnewslettercommentssharedel.icio.usDigg It!yahooFacebookTwitterRedditrssThe Classical viewpoint is that any form of currency instability causes economic problems....

Source: http://www.realclearpolitics.com/2011/05/22/if_the_gold_standard_is_so_good_why_no_standard_255858.html

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