The objective, is to evaluate and apply economic principles. Gold-based currency is centuries old. As many may know, currency is no longer based on a gold standard.

• The following sources may provide some guidance.
  • Read The argument for returning to the gold standard: the lessons of contemporary history, found here: https://www.hillsdale.edu/educational-outreach/free-market-forum/2012-archive/the-argument-for-returning-to-the-gold-standard-the-lessons-of-contemporary-history/
  • Read TIMELINE - Gold's history as a currency standard, found here: https://www.reuters.com/?edition-redirect=in
  • Read The Case for a New International Monetary System, found here: https://www.cato.org/cato-journal/spring/summer-2018/case-new-international-monetary-system
  • Watch The Gold Standard Explained in One Minute, found here: https://www.youtube.com/watch?v=d3PCjk7YAod3PCjk7YAo0

Based on the sources above and any credible sources one locates, respond to:

1. Should the United States return to a gold standard? What are the pros and cons? Support your responses with research? What might you use to cite the supporting research?
2. Should the United States keep a fiat currency standard? What are the pros and cons? What might one support the responses with what research? What should one use to cite the supporting research?
3. Economically speaking, how would the above responses from the two previous questions align with global growth strategies? How might one support the responses with research? What might one use to cite the supporting research?