basketcase
New Member
Using monetary policy to fight recessions.
On a fiat system we can simply print more money and spend thus "stimulating" the economy.
Is it the same case for the gold standard? I don't think you can just print money as you can in the fiat system. Please correct me if I'm wrong. 35$ for an ounce of gold when we were still on the gold standard. How would you fight economic recessions on the gold standard?
This question ties into the previous question. Is monetary policy the only way of fighting economic recessions?
On a fiat system we can simply print more money and spend thus "stimulating" the economy.
Is it the same case for the gold standard? I don't think you can just print money as you can in the fiat system. Please correct me if I'm wrong. 35$ for an ounce of gold when we were still on the gold standard. How would you fight economic recessions on the gold standard?
This question ties into the previous question. Is monetary policy the only way of fighting economic recessions?