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Friday, October 9, 2009

Gold Standard Questions

Questions To Think About:
What individuals or institutions are the biggest owners of the world's gold?
What would happen to the size of the world money supply if the entire world went back on the gold standard?
What are some economic problems with the gold standard?
What are some economic advantages of the gold standard?
Some libertarians like Alan Greenspan in the 1960s and Ron Paul today favor a return to the gold standard.  What might be a political (rather than economic) reason libertarians tend to favor the gold standard more than others?

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