Sumner vs. White on monetary policy

BY Meg Gilliland ON Tue, December 20, 2016

This week in Econ Duel, economists Scott Sumner and Larry White, who both focus on monetary theory and policy, are taking on Fiat Money vs. the Gold Standard.

You may have seen the gold standard discussed in the news lately. It was abandoned by most countries, including the United States, during the 20th century. But it retains loyal supporters.

What exactly is the gold standard? And is it a better alternative than the fiat money system?

Watch and decide! As always, we’d love to hear your thoughts in the comments.




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