Cartwright—Great concept, but this is not going to happen. It would be nearly impossible to return to the gold standard at this point without severely disrupting financial markets.  The dollar is strong right now against other currencies and inflation is relatively low.  Go back to World War I.  The US had double digit inflation for a couple years.  Same thing during World War II.  It’s nice to say that the gold standard would eliminate inflation but that’s not the case.  Economic history over the last hundred years or so doesn’t bear that out here.  Continue reading →