Will Clayton Fellow in International Economics at Rice University's James A. Baker III Institute for Public Policy
Con to the question "Should the United States Return to a Gold Standard?"
"Whether based on theoretical or historical comparisons, the gold standard appears less likely to deliver superior price stability than the current system. Rather, money supply would be determined by the vagaries of the global gold market, which would only coincide with domestic economic needs by chance. Even if gold markets were perfectly stable, the gold standard would likely induce a damaging level of deflation.
It was precisely the unwillingness of the U.S. to undertake such a destructive monetary policy that lead to the 1971 collapse of the 'gold exchange standard' operated under Bretton Woods. Instead, the money supply continued to grow to support moderate inflation, which undermined the tie to gold."
"Gold Standard or Fool's Gold? Should the U.S. Consider Returning to the Gold Standard?", bakerinstitute.org, Feb. 23, 2016
Experts Individuals with PhDs, heads of government, members of federal legislative bodies, and individuals with graduate degrees and significant post-graduate involvement in fields relevant to the study of economics [Note: Experts definition varies by site.]
Involvement and Affiliations:
Will Clayton Fellow in International Economics, Rice University's James A. Baker III Institute for Public Policy, 2012-present
Adjunct Professor, Department of Economics, Rice University, 2012-present
Financial Attaché to India, US Department of the Treasury, 2007-2012
Deputy Director, International Monetary Policy, Office of International Affairs, US Department of the Treasury, 2005-2007
International Economist, Office of Quantitative Policy Analysis, US Department of the Treasury, 2003-2005
Visiting Scholar, Institute for Monetary and Economic Studies, Bank of Japan/University of Tokyo, 1999
Graduate Student Research Supervisor, Department of Public Health, University of California at Berkeley, 1998-2003
Visiting Scholar, International Banking Supervision Division, Federal Reserve Bank of San Francisco, 1997
Research Assistant, International Finance Division, Federal Reserve Board of Governors, 1994-1996
PhD, Economic, University of California at Berkeley, 2003
BA, cum laude, Mathematical Economics, Pomona College, 1994