Gold: The 'barbarous relic' rides again

Gold: The 'barbarous relic' rides again
Published 27 Aug 2012 

Over the past few days, the financial press has reported on the return of the gold standard to mainstream US political debate (albeit hedged with a fair degree of [justified] scepticism).

For a recent critique of the gold standard, by the academic who literally wrote the book on the Gold Standard and the Great Depression, this 2011 essay by Barry Eichengreen is worth a look, not least for a reminder that history shows the Gold Standard was no remedy for financial instability or sovereign default.

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