If the world as a whole returned to the gold standard there would be such fluctuations in the value of gold that it would very soon prove impractical. … If a big country like the United States did return to the gold standard, it would start a great deflation.


Interview in Silver & Gold Report (1980)

Friedrich Hayek Quotes

If the world as a whole returned to the gold standard there would be such fluctuations in the value of gold that it would very soon prove...

If the world as a whole returned to the gold standard there would be such fluctuations in the value of gold that it would very soon prove...

If the world as a whole returned to the gold standard there would be such fluctuations in the value of gold that it would very soon prove...

If the world as a whole returned to the gold standard there would be such fluctuations in the value of gold that it would very soon prove...