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The Pros And Cons Of Implementing The Gold Standard

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The Pros And Cons Of Implementing The Gold Standard
The gold standard has been used by society since the earliest days of civilization. Our nation has used both the gold standard, as well as the fiat currency system. Some people feel strongly that we should implement the gold standard back into our economics. However, there are pros and cons on both systems. Today, the fiat system is used almost internationally, and is based completely on faith in the government.
Today inflation and economic stability are important topics in day to day American life. Some proponents of the gold standard, according to paragraph two, believe that bringing the gold standard back would result in long term price stability, which in turn would prevent inflation. During the years between 1880 and 1914, the inflation
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