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Special Edition: De-Dollarisation and the New Monetary Order

Multipolarity

CHAPTER

The Negative Effects of the Gold Standard

The Bank of England famously fought for the credibility of the pound in terms of it being literally as good as gold. John May not came to Barbara's relic, for example. He was very keen to get Britain off the gold standard in the 1930s. Some people would say that the gold standard is unnecessarily deflationary. It means that if a country can't kind of keep up with everybody else, it tends to impose punitive measures on itself over the long term.

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