Why a Gold Standard Return Will Likely Never Happen | Michael Klein

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Stansberry Research, Released on 12/4/20

Talk of a return to a gold standard was reignited with President Trump’s nomination of Judy Shelton, an advocate of the bygone monetary system, to the Fed Board of Governors. But for Michael Klein, Professor of International Economic Affairs at Tufts University’s Fletcher School, the discussion should be put to rest once and for all.

This is the thesis in his latest essay, “What’s the Gold Standard, and Why Does the U.S. Benefit from a Dollar That Isn’t Tied to the Value of a Glittery Hunk of Metal?” In an in-depth interview with Daniela Cambone, Klein shares his case against the gold standard that has caused a stir in the financial community.

 

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