JUN 23, 2017
ORIGINAL SOURCE: Why Experts Get the Gold Standard Wrong by Larry White of fee.org on 6/19/17
This is a Interesting piece written by Lawrence H. White, a senior fellow at the Cato Institute, a professor of economics at George Mason University and An expert on banking and monetary policy.
It all started with governments during the First World War chose to abandon the gold standard (in order to print money to finance their war efforts).
He goes on to tell us why the gold standard had worked for so many years, something that mainstream economists (who are hired by governments) and governments would never admit to.
Please read the rest here; Why Experts Get the Gold Standard Wrong