Dec 6, 2011

Gold Standard: One Of The Major Causes Of The Great Depression

One of the major causes of the Great Depression was the existence of the gold standard. They restrained the ability of Central Banks to provide lender-of-last-resort support to their banks, created tight money — it created bank runs, and Lead eventually to the Great Depression. - in Yahoo Finance

Ticker, SPDR Gold Trust ETF (GLD)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.