The Gold Standard Is a Good Idea

In the 19th century we had a gold standard, but it wasn't terrible. A lot of credit issuance going on that was outside of the pure gold backed system. That often ameliorated the problems that we would otherwise have had in a period of significant economic growth with a fixed money supply. There's almost no one outside of a very small court school of co s and inlibertarians who think that going to a gold standard is a good idea because of the deflationary effect. And so mut a really good desciption of iter yes.