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Talk:Gold standard

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To-do list for Gold standard: edit · history · watch · refresh · Updated 2019-02-05


Here are some tasks awaiting attention:
  • Cleanup : Brits section, some biased comments there.
  • NPOV : Neutralize Bias throughout article. Integrate the pro/con list for a more neutral point of view
  • Update : Replace cited articles 3 and 4 with a more recent survey to reflect current views. The current sources are from 2012, and thus cannot be used to represent current opinion. Alisa Ayn Rosenbaum (talk) 23:48, 5 February 2019 (UTC)
  • Verify : sources and quotes of the historical values of the amount of cash tied to a certain amount of gold per gram/kilogram. The source for the amount of £ for the UK pound is a bit dodgy since the source is not reputable nor has any address nor ISBN/page number.
A fact from this article was featured on Misplaced Pages's Main Page in the On this day section on March 18, 2004.

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Wiki Education Foundation-supported course assignment

This article was the subject of a Wiki Education Foundation-supported course assignment, between 14 January 2019 and 10 March 2019. Further details are available on the course page. Student editor(s): Alisa Ayn Rosenbaum.

Above undated message substituted from Template:Dashboard.wikiedu.org assignment by PrimeBOT (talk) 22:31, 16 January 2022 (UTC)

Dates of adoption of a gold standard

References

  1. Kindleberger, Charles P. (1993). A financial history of western Europe. Oxford: Oxford University Press. pp. M1 60–63. ISBN 0-19-507738-5. OCLC 26258644.
  2. Newton, Isaac, Treasury Papers, vol. ccviii. 43, Mint Office, 21 Sept. 1717.
  3. "The Gold Standard in Theory and History", BJ Eichengreen & M Flandreau
  4. The Pocket money book: a monetary chronology of the United States. Great Barrington, Massachusetts: American Institute for Economic Research. 2006. pp. 4–6. ISBN 0-913610-46-1. OCLC 75968548. {{cite book}}: |access-date= requires |url= (help)
  5. ^ Encyclopedia:. "Gold Standard | Economic History Services". Eh.net. Retrieved 2010-07-24.{{cite web}}: CS1 maint: extra punctuation (link)

English POV

Based on French franc, I gather that since 1800, France has been on the gold standard, using a bimetallic standard where silver was used for small change. Even timeline in the discussion fails to note that. Similarly, the Spanish real page indicates that Spain has been using a fixed gold equivalent for its currency since 1566, when the value of silver was also fixed. Can anyone improve the article, so that a reader could understand how did Newton's bimetallism innovated beyond the Spanish bimetallism, and why was the British pound more of a gold standard than the gold napoleons? As is, it seems the article was written with a British POV.

Semi-protected edit request on 13 March 2020

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Misplaced Pages writes" In a 2012 survey of leading economists, they unanimously opined that a return to the gold standard would not benefit the average American."

This is subjective and does not add to the article. e.g. There are schools of thought and 'leading economists' that believe the gold standard would stabilize prices and help 'the average American".

Terms like "leading economists" "Opined" Average American" are all terms of subjective language not objective writing.

The poll was almost a decade ago and done subjectively by the NYT. This was not a peer-reviewed poll and a detailed study.

I am getting a Ph.D. in Monetary Economics and to start an article like this is not responsible for writing unless you are trying to convey a political message. Markbiernat (talk) 12:15, 13 March 2020 (UTC)

 Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. feminist (talk) 14:33, 15 March 2020 (UTC)
How about removing the word "leading"? --Renek78 (talk) 20:57, 29 April 2021 (UTC)
The sentence has already been changed. Station1 (talk) 03:01, 30 April 2021 (UTC)

Semi-protected edit request on 30 July 2021

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Change 2021 to 1933 in "Upon taking office in March 2021, U.S. President Franklin D. Roosevelt departed from the gold standard." Eghagstrom (talk) 17:59, 30 July 2021 (UTC)

 Already done Looks like that's taken care of. ScottishFinnishRadish (talk) 18:20, 30 July 2021 (UTC)

Advantages and Disadvantages

Within the advantages section there is this mention: Long-term price stability has been described as one of the virtues of the gold standard, but historical data shows that the magnitude of short run swings in prices were far higher under the gold standard.

This seems to be like a disadvantage. Plus it seems to already be mentioned as a disadvantage where it says: Although the gold standard brings long-run price stability, it is historically associated with high short-run price volatility.

I would recommend simply changing the phrase under advantages to say: "Long-term price stability has been described as one of the virtues of the gold standard" This phrase then naturally leads into the counter argument found within the disadvantage section.

As an overall recommendation for this article, the statements within the aforementioned sections seem highly subjective. To me, some of the disadvantages actually seemed like advantages lol. I would recommend making sure that each of these cited sources are clearly indicating an advantage or a disadvantage to the gold standard, and maybe even quoting the source or indicating whose opinion we are actually spouting.

In the lead it mentions: There is a consensus among economists that a return to the gold standard would not be beneficial, and most economic historians reject the idea that the gold standard "was effective in stabilizing prices and moderating business-cycle fluctuations during the nineteenth century.

Well, that's quite one sided, isn't it? No mention of the supporters? There are clearly other schools of thought that support the gold standard that are quite significant, as the article clearly brings out. Why no mention of them? As a kindly reminder see MOS:INTRO and WP:NPOV.

Artemaeus Creed (talk) 04:10, 2 April 2022 (UTC)

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