New Republic Writer Attacks Gold Standard While Admitting He Knows Little About Monetary Policy

Noam Scheiber in The New Republic reports:

The draft of the platform, which will be finalized this week in Tampa, called for a commission to explore “possible ways to set a fixed value for the dollar”—code for gold.

On the merits, the idea is almost self-evidently awful, at least if you know a bit about monetary policy (and I confess to only knowing a little).

Expert analysis from the statist New Republic. Attention Noam Schieber, before 1914 economic growth was much greater than today's lack of a gold standard.