Economics
Make America Gold Again: Calls for Everyone's Favorite Standard Are Back
- Hard-money cause wins new converts in age of economic anxiety
- What do economists think of gold standard? ‘It was horrific’
Gold Prices Are Still Solid
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When times are tough, new economic theories get a better hearing. Maybe some old ones, too.
The gold standard is one of the oldest ideas about money, but the hardest of hard-money hawks sense an opening to breathe new life into it. Decades ago, the amount of cash circulating in a country was often limited by the stash of bullion held in its coffers. Especially since 2008, developed-world policy has headed in the exact opposite direction, expanding the powers of central banks to stoke growth. Helicopter drops of money, potentially the next new thing, would be a giant leap further.