Gold Standard
Posted in Natural Care by admin
Why so many fallacies,lies and myths surrounding the gold money standard?
Here are some:
‘We cant go on a gold standard because there is not ”enough’ gold to go around”
”A gold standard can’t cater to an expanding population because the money supply has to increase”
”Gold deflation causes depression”
Read the works of the Austrian economists. All these myths will be exposed for what they are.
The biggest myth surrounding the gold standard is that it created stable prices. see chart at
http://www.visualizingeconomics.com/2008/05/27/us-inflation-annual-percent-change-1774-2007/
As you can see inflation was not confined to periods when we had a fiat currency.
The Gold Standard
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