- Fed B.Bernanke: "The Central Bank acts as lender of last resort to prevent panic"
Market news
20 March 2012
Fed B.Bernanke: "The Central Bank acts as lender of last resort to prevent panic"
The gold standard can not adapt to the changing economy
Countries adhering to the gold standard, forced to fix their exchange rates
The gold standard did not prevent a financial panic
In the medium term, the gold standard may create inflation, deflation
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