Incredibly talk of a return to hard money economic policy such as the gold standard have spread to Republican Presidential candidates not named Paul. The debunking of and realistic return to these types of policies are unrealistic given that as Paul Krugman points out in his most recent column "A new president who looked at the evidence and listened to the experts wouldn’t go down that path. But evidence" and expertise have a well-known liberal bias."
The below provides a fantastic visual representation of how the evolution of our management of money has progressed. While the current arrangement has supported what its proponents have coined the Great Moderation and a relative decline in contractions it is not without its detractions-mainly the requirement for increasing private debts for sustainability. This is why the progression to a more explicit understanding with policies to support employment and continued improvement in resource efficiency without debt or with the understanding of its role is the next major requirement
The below provides a fantastic visual representation of how the evolution of our management of money has progressed. While the current arrangement has supported what its proponents have coined the Great Moderation and a relative decline in contractions it is not without its detractions-mainly the requirement for increasing private debts for sustainability. This is why the progression to a more explicit understanding with policies to support employment and continued improvement in resource efficiency without debt or with the understanding of its role is the next major requirement
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