What's the gold standard, and why does the US benefit from a dollar that isn't tied to the value of a glittery hunk of metal?
2020 Nov 19
The gold standard didn't exactly lead to a golden era. Athitat Shinagowin/EyeEm via Getty Images
While Trump's nominee to join the Fed favors returning to the gold standard, an economist explains why the US and the rest of the world abandoned it in the first place.