The Home of American Intellectual Conservatism — First Principles

December 15, 2017

REFERENCE DESK
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Gold Standard
Harry C. Veryser - 03/31/11

In many countries price inflation has been and continues to be a nagging economic problem. Because of the belief that this is often caused by excessive increases in the money supply, some critics have called for a return to the gold standard as a solution to what is viewed as mismanagement by the monetary authorities in the guilty countries. While some of these arguments are thought provoking and reasonable for achieving the goals to which they are directed, it is unlikely that we will ever see a return to a pure gold standard.

Further Reading
  • Eichengreen, Barry. Globalizing Capital: A History of the International Monetary System. Princeton, N.J.: Princeton University Press, 1996.
  • Wilson, Ted. Battles for the Standard: Bimetallism and the Spread of the Gold Standard in the Nineteenth Century. Burlington, Vt.: Ashgate, 2000.
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