Foundation for Economic Education
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The Gold Standard
Posted By kketel
The gold standard [1] is a monetary arrangement whereby the currency in circulation is equivalent to a fixed value of gold. The gold standard [1] was replaced by fiat currency, whereby the government or central bank is ultimately responsible for the value of the money. Until 1971, the U.S. dollar was fixed to the price of gold. Many economists feel that reverting to the gold standard [1] would quell inflation because of the fixed value feature.
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URL to article: http://www.fee.org/economics/gold-standard/
URLs in this post:
[1] gold standard: http://en.wikipedia.org/wiki/Gold_standard
[2] Toward Radical Monetary Reform: http://www.thefreemanonline.org/columns/toward-radical-monetary-reform/
[3] Gold versus Fractional Reserves: http://www.thefreemanonline.org/featured/gold-versus-fractional-reserves/
[4] Central Banks, Gold, and the Decline of the Dollar: http://www.thefreemanonline.org/featured/central-banks-gold-and-the-decline-of-the-dollar/
[5] How Gold Was Money- How Gold Could be Money Again: http://www.thefreemanonline.org/featured/how-gold-was-money-how-gold-could-be-money-again/
[6] Gold Standard: http://www.thefreemanonline.org/columns/gold-standard/
[7] The Gold Standard and Fractional Reserve Banking: http://www.thefreemanonline.org/columns/the-gold-standard-and-fractional-reserve-banking/
[8] Back to Gold?: http://www.thefreemanonline.org/featured/back-to-gold/
[9] Money and Gold in the 1920s and 1930s: http://www.thefreemanonline.org/featured/money-and-gold-in-the-1920s-and-1930s-an-austrian-view/
[10] No Shortage of Gold: http://www.thefreemanonline.org/featured/no-shortage-of-gold/
[11] How to Return to Gold: http://www.thefreemanonline.org/columns/how-to-return-to-gold/
[12] The Solution: http://www.thefreemanonline.org/featured/the-solution/
[13] A Golden Comeback, Part 1: http://www.thefreemanonline.org/featured/a-golden-comeback-part-i/
[14] A Golden Comeback, Part 2: http://www.thefreemanonline.org/featured/a-golden-comeback-part-ii/
[15] A Golden Comeback, Part 3: http://www.thefreemanonline.org/featured/a-golden-comeback-part-iii/
[16] The Value of Money: http://www.thefreemanonline.org/featured/the-value-of-money/
[17] A Closer Look at Gold: http://www.thefreemanonline.org/featured/a-closer-look-at-gold/
[18] Hazlitt on Gold: http://www.thefreemanonline.org/featured/hazlitt-on-gold/
[19] How Much Money?: http://www.thefreemanonline.org/featured/how-much-money-2/
[20] The Future of the Dollar: http://www.thefreemanonline.org/featured/the-future-of-the-dollar/
[21] Gold Policy in the 1930s: http://www.thefreemanonline.org/featured/gold-policy-in-the-1930s/
[22] Peace and Gold: http://fee.org/audio/72/
[23] Is the Gold Standard a Viable Policy Option?: http://fee.org/audio/61/
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