DaveinHackensack

The Beginning of the Endgame for Monetary Policy, Redux

<I>"Did we ever have a financial crisis before we took the dollar off the Gold Standard?"</I>

Only about once every decade or so. The 19th Century was full of them. We even had a populist presidential candidate (William Jennings Bryan) blame one of these financial crises (a wave of deflation) on the gold standard.