Should the United States return to a Gold Standard monetary system?

Should the United States return to a Gold Standard monetary system?
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1 Answer

Answer :

Only if we want to destroy our economy and perhaps send the world into depression.
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Related questions

Does a gold standard really protect us from inflation?

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Why does the British Pound outweigh the US Dollar in value when it seems that the economy of the United States is far more powerful?

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The Bretton Woods Agreement of 1944 established a monetary system based on A. Gold and managed floating exchange rates B. Gold and adjustable pegged exchange rates C. Special Drawing Rights and managed floating exchange rates D. Special Drawing Rights and adjustable pegged exchange rates

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7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

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Which one of the following items is not included in the current account of India’s Balance of Payments ? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

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With printing your own money being illegal, what legal arguments would the state use to criminalise you, if you had the technology to transmutate literal dirt into gold?

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Why do we value minerals like silver and gold?

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Artificial diamonds are worth far less than natural diamonds, if Gold could be artificially made in a lab somehow would it be worth less than naturally mined Gold?

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Is there a way to buy small amounts of pure gold for its exact value?

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Does the United States sell any gold coins?

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Which of the following States in the United States of America was famous for its gold mines? (a) Maryland (b) Vermont (c) California (d) Massachusetts

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You are babysitting a rabbit that craps gold nuggets, do you keep it or return it?

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Who controls the monetary system of a country ?

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The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy

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Which of the following is not a system under which classification of Agro-forestry System is done? a. Ecological Basis b. Socio-economic Basis c. Functional Basisd. Monetary Basis

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During the 1970s, the European Union, in its quest for monetary union, adopted what came to be referred to as the “Community Snake” This device was a (an): A. Adjustable pegged exchange rate system B. Dual exchange rate system C. Jointly floating exchange rate system D. Freely floating exchange rate system

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Description : For online payments, is it better to do it through my bank instead of using the payee's online payment system?

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No politicking, just economics. Would simply taxing all goods and services work better than the American system of taxation? Akin to sales tax.

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Do you think that if the economy doesn't get back on its feet, we will resort back to a legal barter system at least partially?

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Do you think wealthy people should collect Social Security when they retire, or should that money go back into the system?

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Other than the gold standard what non fiat currency is a good investment?

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Why is linking the US dollar to the gold standard a good or bad idea?

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What is the standard of zakat nisab - the value of gold or silver ? I have read a hadith which says that there has never been a time in the life of the Prophet (peace be upon him) when he was presented with two methods of observing an Islamic rule. And he did not take it easy. Would it be wrong for anyone to apply this principle of the Prophet (peace and blessings of Allaah be upon him) in determining the nesab of zakat (ie , taking gold as nesab) ? Or in other words , if the above hadith of the Prophet (peace be upon him) is saheeh, then why don't you, the scholars, apply or propagate this hadith in determining the nasab of zakat. Will you not be guilty of it?

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What is the name of the gold standard verification device ?

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