GOLD 0.51% $1,391.7 gold futures

"the gold standard is not feasible because of the environmental...

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    "the gold standard is not feasible because of the environmental impact of mining it"

    While that is a good case against a gold standard from an environmentalists point of view, there are better economic reasons against a gold standard. If the purpose of monetary policy is to maintain constant prices it is a better idea to link money supply to changes in the level of economic activity, rather than the level of gold production.
 
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