Ten Things Every Economist Should Know about the Gold Standard
By GCRU Gold News on Thursday, August 20 2015, 03:29 - Permalink
If there's one monetary history topic that tends to get handled especially sloppily by monetary economists, not to mention other sorts, this is it. Sure, the gold standard was hardly perfect, and gold bugs themselves sometimes make silly claims about their favorite former monetary standard. But these things don't excuse the errors many economists commit in their eagerness to find fault with that "barbarous relic."