Was Dropping The Gold Standard A Mistake?
Economics Explained
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The Benefits of a Gold Standard
High inflation or low interest sounds familiar, doesn't it? The problem severe financial repressions is that they can act as a wealth transfer from those that have saved money to those that have borrowed it. A gold standard also prevents governments in central banks from using financial repression for their own devious ends. With a currency backed even fractionally by gold, it makes it much harder for reckless money printing to increase purchase power enough to materially impact prices.
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