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which gold standard recession was greater in impact than the great depression? > Bank runs, panics...have been virtually eliminated by the introduction of fiat

• gnaritas 13y ago
  Which part of the great depression occurred during the gold standard are you finding difficult to understand? No one said anything about another gold standard recession being greater than the great depression. The great depression was one of many depressions that occurred under the gold standard. How many depressions have there been since we went fiat: answer, none. > How many financial institutions failed in 2007 - 2008? How much panic selling happened? I don't call that virtually eliminated. Then you're not looking at the big picture. I didn't say eliminated, I said virtually eliminated, which means you look at total bank runs and panics while on the gold standard vs those while on fiat. Please stop this logic by anecdote argument style, it's fallacious and intellectually dishonest. Look at the history of recessions http://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States http://en.wikipedia.org/wiki/List_of_recessions_in_the_Unite...