The Gold Standard Debate Continues

There seems to be a mainstay stream of thought in the conservative attitude that the United States should return to the ‘gold standard’ as one of the methods for economic recovery. Economists around the world, including John Taylor, who was a supporting factor in the Romney court, are shaking their heads and saying ‘no’.

All of the economists seem to agree that there are better and alternative ways to improve the American economy without resorting to the old fashioned ‘gold standard’. Taylor specifically recommends examining and possible return to some of the policies that worked well and showed excellence in profitability in the 1980’s and 1990’s. Most Democrats seem to be completely against the return to the gold standard and they are drawing those that are professionals in the world of economics to their side.

Sources:
http://www.bloomberg.com/news/2012-08-24/john-taylor-says-gold-standard-not-best-way-to-stability.html

The information supplied in this article is not to be considered as medical advice and is for educational purposes only.