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Is the world lurching back towards the gold standard?
Posted by
Money Metals News Service
May 24, 2024
Is the world lurching back towards the gold standard?
(Mike Maharrey, Money Metals News Service) Could the world be lurching back towards a monetary gold standard? Steve Forbes sees signs that it is.

In a recent article published by Forbes Magazine, Steve Forbes wrote that it may seem hard to believe, but the world "is starting to lurch toward a gold-based monetary system."

"This is despite the fact that the historic gold standard is almost unanimously despised by economists and financial officials."

Forbes argued that this disdain for a gold standard is misplaced, pointing out that in the 180 years that the dollar was pegged to gold, the U.S. experienced the greatest long-term growth in human history without the ravages of price inflation.

"Since the greenback was unpegged from gold, our average historical growth rates have fallen by about a third. Median household income would be at least $40,000 higher today if our traditional growth pattern had been maintained for those 180 years. Nonetheless, the disdain and contempt for a gold-based monetary system is universal."...
https://headlineusa.com/is-the-world-lurching-back-toward-a-gold-standard/

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