2010/11/19

"Deep deflation the downside of gold standard's discipline" from South China Morning Post

"Enthusiasts like the notion of a gold standard because they believe it would enforce monetary discipline on incontinent central banks addicted to printing money."

"In short, a return to some form of gold standard would almost certainly be deflationary, and deflation kills economic growth. Instituting a gold standards now would be disastrous, whatever the goldbugs say."

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