Tagged with Inflation

In this light, the Republican Party’s reported adoption of a platform plank supporting a commission to study a return to the gold standard should be seen as resting on a very “truthy” foundation. No doubt many Republican delegates feel that a return to gold would bring stability and discipline to economic policy and to financial […]

Are the tragedies of the 1920s repeating themselves in the twenty-first century? In the 1920s, an irrational attachment to the gold standard helped cause the Great Depression, as European fears of inflation acted as a deadweight on growth. By the 1930s, economic collapse facilitated the rise of fascism, Nazism and World War II. While the […]