Re: Explain to an idiot the benefits of going back to the Gold standar
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There's a strong correlation, for example, between how long a country hewed to the gold standard, and how badly it suffered from the Great Depression.
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I think this sums it up by this mischaracterization.
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it isn't a mischaracterization. it is some of the best research i've seen on an economic theory in a while ( interms of academic papers).
those countries who stayed on gold for longer exacerbated the negative impact of the great depression.
i challange you to disprove that statement and have your theory hold up to the facts.
Barron
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