Gold standard

From Conservapedia
This is an old revision of this page, as edited by (talk | contribs) at 16:30, January 20, 2008. It may differ significantly from current revision.
Jump to navigation Jump to search

A monetary system in which currencies are defined in terms of a given weight of gold. According to Keynesian economics a gold standard combined with a trade surplus leads to deflation.

See also

Sources

http://usinfo.state.gov/products/pubs/oecon/chap12.htm