Gold Standard

Gold Standard

  • Would a Gold Standard Brighten Economic Outcomes? icon

    Would a Gold Standard Brighten Economic Outcomes? (Page One Economics Classroom Edition)

    Historically, money was made of either valuable commodities such as gold or silver coins or pieces of paper (bills) representing these commodities. The United States severed its last official monetary link to gold in 1971. The January 2015 Page One Economics Newsletter describes some of the advantages and disadvantages of the gold standard.

    Classroom Edition (pdf)
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  • The Gold Standard and Price Inflation

    Thursday, August 14, 2014

    Some argue that a return to the gold standard would guarantee price-level stability. However, the past 30 years of low and stable inflation in the U.S. have demonstrated that the gold standard is not necessary for price stability.


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