Case Study

Consider the question of whether the United States should adopt a gold standard, remain in the current float-based system, or use some other system. Consider the impossible trinity mentioned above and carefully define all terms and concepts to which you refer. Explain the reasoning behind your answer and not the changes to the US economy and policy that would be required in any change.

Below are some online resources to help you answer the assignment:

Economics U$A 21st Century "Unit 28-Exchange Rates"

(See particularly Richard Gill's comments at about 8:00)

International Monetary Fund "Choosing an Exchange Rate Regime

Federal Reserve Bank of St. Louis

Commanding Heights The Battle for the World Economy

Bank for International Settlements

Library Economics and Liberty "The Concise Encyclopedia of Economics Gold Standard"

Investopedia "Gold Standard"

History This Day in History "FDR take the United States off gold standard"

Fox Business "Return to the gold standard?"

Forbes "Is A Gold Standard Good or Bad for the Middle Class?"

The National Interest "A Critique of Pure Gold"

The Wall Street Journal "Requiem for the Dollar"

LewRockwell.com "A Real Gold Standard"

ECN201 Resource Guide

Length suggestion: 1-2 pages. Be sure to follow APA format for citations and references.