Description
The presidential primary contests of 2011-12 brought renewed attention to the idea of reinstituting a gold standard. The 2012 Republican Party platform ultimately included a plank calling for the creation of a commission to study the issue. The favorable attention given to the idea of reinstituting a gold standard has attracted criticism of the idea from a variety of sources. Considered here are the most important arguments against the gold standard that have been made by economists and economic journalists in recent years.
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