Does anyone have an idea on what happen if a country decide to go back to a Gold standard?
Imagine that there is no threat to this country come from the others. It's a middle sized economy.
Its economy would become strong. It would not be able to inflate there currency for obvious reason.
What are the pros and cons? A fly solo like this is even possible/imaginable?
I'm just curious to know what you guys think it might happens.
Read what happened when England went back to Gold Standard in 1925. Results werent good and they went off it in 1931
I don't think the same apply. We are much more global now. The effects could be better or worse.