Back to gold?

Economic crises tend to spur discussion of an end to political money and a return to some form of gold standard, but such talk is absurdly impractical.

<div style="text-align: left;"> Better than the dollar? </div>

Nick Ferguson

August 26, 2011

You know the world economy is in trouble when opinion pages are proposing moving the global monetary system back to a gold standard. Indeed, a rather unscientific look at Google’s search timeline shows a significant spike in such talk during economic crises.

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