A Critique Of Pure Gold Analysis
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08.10.2017
The Return of The Gold Standard: Why it’s Not Feasible in Today’s Economy
In the article ‘A Critique of Pure Gold’, it is explained how the Libertarians want to bring back in the United States the use of the ‘Gold Standard’ to stabilize the economy, lower the taxes, and combat rising prices, however, they are unsuccessful because they fear its consequences. Despite their efforts, they are encountering difficulties in convincing people that we should revert to using the gold standard. They are also having problems defining the correct value at which to standardize the price of gold at, as this can cause either inflation or deflation, and neither one of them would have a good impact on our economy.
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