Why the gold standard is the world's worst economic idea, in 2 charts

August 27, 2012 at 09:05 AM
Share & Print

The Republican Party's official platform will call for a commission to look into the United States' possible return to the gold standard. The idea is that locking the dollar to the precious metal would help stabilize prices by preventing the government from printing or spending too much money. Perhaps the Republican's commission will come across the January 2012 poll in which no one on the IGM Economic Experts Panel agreed with the idea of returning to the gold standard.