Post
Topic
Board Economics
Re: Can One Sentence End the Financial Crisis?
by
avikz
on 20/04/2020, 06:44:06 UTC

No! That would again create dependency on a single asset which may be proved disastrous at a later stage. There is a good reason why US government abolished the gold standard. I believe the answer lies in the below article,

https://www.mentalfloss.com/article/12715/why-did-us-abandon-gold-standard

Even though it's an old article but it's good read with little dose of economical thesis. Every layman can understand why it has failed and why it's very unlikely to come back.