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From: rdz@ccice5.UUCP (Robert D. Zarcone)
Newsgroups: net.politics.theory
Subject: Re: The gold standard.
Message-ID: <672@ccice5.UUCP>
Date: Thu, 14-Feb-85 12:35:03 EST
Article-I.D.: ccice5.672
Posted: Thu Feb 14 12:35:03 1985
Date-Received: Sun, 17-Feb-85 05:10:46 EST
References: <613@ukma.UUCP> <> <1600@bmcg.UUCP>
Organization: CCI Central Engineering, Rochester, NY
Lines: 15

> draves@harvard.ARPA (Richard Draves) asks:
> >If the gold standard was working so well, why did we give it up?
> 
> In short, the government gave up the gold standard because the gold standard
> prevents the government from debasing the currency.
> 
> --Bill Price    uucp:   {decvax!ucbvax  philabs}!sdcsvax!bmcg!bprice
>                 arpa:?  sdcsvax!bmcg!bprice@nosc

Our local PBS feed is running an English series called "The Great Depression".
Last week's episode explained how Britain's return to the gold standard after
WWI actually heavily contributed to it's depression (which started before
our's).  I suggest this show for anyone interested in that period.

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