Gold Standard Minus Federal Reserve
April 19, 2011 11:43 AM Subscribe
What would the U.S. economy be like right now if it hadn't left the gold standard and the Federal Reserve had not been created?
posted by spikeleemajortomdickandharryconnickjrmints to Law & Government (23 answers total) 5 users marked this as a favorite
The reason I ask is because I'm continuing to hear of certain factions calling for the abolishment of the Fed and a return to the gold standard. So I'm wondering, "OK, say they accomplish that, the Fed goes away, gold standard is back, now what? How does that change things?"