The Market Traders

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Would a Gold Standard Have Worsened the 2008 Financial Crisis?

Andy's picture
Fri, 08/31/2012 - 9:51am -- Andy

A friend tells me that the soft-money advocates will always argue something along the lines of: “What if the financial crisis of 2008 had happened and we were on a gold standard?” They imply that a gold standard system would have made the crisis much worse.