Last updated on: 3/13/2017 | Author: ProCon.org

Russell A. Green, PhD Biography

Title:
Will Clayton Fellow in International Economics at Rice University's James A. Baker III Institute for Public Policy
Position:
Con to the question "Should the United States Return to a Gold Standard?"
Reasoning:

“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.<br/ ><br/ > 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

Theoretical Expertise Ranking:
Experts
Individuals with PhDs or equivalent advanced degrees in fields relevant to the gold standard. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to the gold standard.
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
Education:
  • PhD, Economic, University of California at Berkeley, 2003
  • BA, cum laude, Mathematical Economics, Pomona College, 1994
Other:
  • Twitter handle: @RGecon
  • Recipient, Treasury Special Act award, 2004
  • Speaks Spanish and Japanese
Quoted in:
Pro & Con Quotes: Should the United States Return to a Gold Standard?