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Gold Standard Resulted In “Fewer Catastrophes” – FT - Jan Skoyles - GoldCore

Another response to the gold standard criticism is Antal E. Fekete's work, explaining how the banks, fearing gold's restrictions on bank manipulation, have long blamed the gold standard for any evil in the economy. His papers show that bank corruption and mismanagement together with other economic factors have been the causes for depressions, inflations, and recessions.

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Beginning of the headline :Editor Mark O’Byrne – “Going off gold did the opposite of what many people think” – FT Alphaville – “Surprising” findings show benefits of Gold Standard – Study by former Obama advisor in 1999 and speech by Bank of England economist in 2017 make case for gold – UK economy was ‘much less prone to extremes’ under than the gold standard – research shows – ‘Gold standard seems to have produced fewer catastrophes for Britain’ – data shows – FT still wary of gold standard arguing ‘stability can be o... Read More

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