Who advocates gold standard as basis for monetary policy

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Monetary policy is one of the more important areas of influence on the economy in the modern world yet few people really understand the intricacies of the issues involved. Some modern U.S. politicians have advocated a return to a gold standard as the basis for our monetary policy.

Based on your reading and other research, what would you say to someone who advocates a gold standard as the basis for monetary policy?

Reference no: EM131388895

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