Was dropping the gold standard a mistake?
Update: 2022-09-21
Description
WAS DROPPING THE GOLD STANDARD A MISTAKE?
Gold is up. Inflation. People are worried about the value of paper money. Once upon a time a few decades ago, there was a thing called the gold standard: a promise. If you had a dollar, you could take it to the government any time you want, and trade it in for a fixed amount of gold. In today's episode, we will see why it was dropped, its pros, and cons.
Historical reference source: https://youtu.be/3_ex0sTsb_I
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