• Yes

  • No

71% 12 votes
29% 5 votes
  • If only one country did, it would be bad. If every country did, it would be bad.

  • Abolishing the gold standard was vital to the U.S. making it out of the depression.

  • I don't know enough about the US but China certainly shouldn't adopt the gold standard. 1) There isn't enough gold to go round. 2) Mining gold disposes a lot of slag and is highly polluting. 3) It just makes things less flexible. 4) Inflation can be controlled without the gold standard, e.g. increase direct taxes, decrease government spending, increase required reserve ratio, increase discount rate, OMO selling of bonds...

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Heraclitus says2015-04-22T14:18:26.5426960-05:00
Hahahaah. Sinilik- there wouldn't have been a depression if the gold standard wasn't ignored.
dmussi12 says2015-04-22T21:20:53.0114214-05:00
We didn't get off the gold standard until the 70's. If we hadn't stayed on it when everyone else left it at Bretton Woods, Europe would never have recovered fully after WWII. Still, going back on it now would cause a problem. And @Heraclitus: inflation hasn't been a problem in the US since the Reagan administration.
Heraclitus says2015-04-23T01:46:27.0996692-05:00
Inflation hasn't been a problem since the federal reserve was created.

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