Sentences with phrase «classical gold standard»

References to the Gold Standard often refer to two key periods in history: that of the Classical Gold Standard and that of the post Bretton Woods gold - pegged exchange rate system.

Critics will say that the nation had recurring booms and busts while on the classical gold standard, but they may be confusing the chaos of fractional reserve banking (being able to pyramid loans on top of deposits with fiduciary media) with the classical gold standard (the citizenry is able to convert currency into a fixed amount of gold).

James Grant argued for a return to the classical gold standard at the New York Federal Reserve.

Historically, the best money we've had for holding its value was the classical gold standard in countries without a central bank.

Not exact matches

Device - independent quantum cryptography is the «gold standard» of quantum communication, as the advantages of quantum cryptography over its classical counterpart can be realized without having to worry whether the device used can be trusted or not.

(Deemed the gold standard for vetting classical and modern art, deep knowledge of the artist's process — brushstroke, paint application, layering, rubbing, washing and so forth — were further supported by the new tools of x-ray fluorescence, infrared spectroscopy and x-radiography to more precisely date paints, paper and canvas and assess structural integrity.