Have there been any estimates as to the direction of our economy if the U.S. would have stayed committed to gold? I not really interested in the answer of the benefits of gold versus fiat/devalued money, I’m interested to know how far unemployment, prices and productivity would have fallen if we would have remained committed to a gold standard.
Maybe it’s impossible to say?
No one can say exactly for sure, but one thing is certain: We’d be far better off than we are now.