Bogus Fed Research Claim: “Gold Standard Didn’t Really Tame Inflation”

Mish Talk:

The Wall Street Journal reports Gold Standard Didn’t Really Tame Inflation, New Research Says.

The research was by St. Louis Fed economist Fernando Martin. Curiously, his study precisely shows that the gold standard did indeed tame inflation.

Let’s investigate Martin’s bogus claim and his peculiar logic in making it.

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