The Gold Standard – Theory versus Reality

A pretty insightful piece from the NYT - The Good Old Days of the Gold Standard? Not Really

http://www.nytimes.com/2015/12/02/business/economy/the-good-old-days-of-the-gold-standard-not-really-historians-say.html

Related:

Why a Return to Gold Standard May Not be Feasible [Commentary by Greg Ip of WSJ]

http://blogs.wsj.com/economics/2015/11/12/greg-ip-what-republicans-get-wrong-about-the-gold-standard/