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commodity money, fiat money, fed, gold standard, experts, economist
Commodity Money, Economic History, The Fed & Central Banks

Experts and the Gold Standard

Larry White/June 13, 2017June 13, 2017 /91 Comments

Many mainstream economists, perhaps a majority of those who have an opinion, are opposed to tying a central bank's hands with any explicit monetary rule. A clear majority oppose the gold standard, at least according to an often-cited survey. Why is that? First some preliminaries. By a…

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