Gold Standard

This book presents a history of Western monetary systems and explains why the system was preferred to a gold standard before 1800. Professor Redish argues that the technological ability to issue fiduciary monies, and a commitment mechanism to prevent opportunistic governments changing the ratio between the currency and a unit of gold, were (frequently overlooked) prerequisites for the emergence of the Classical gold standard. The simplicity of the gold standard, a monetary system where there is a fixed ratio between a weight of gold and a unit of currency, makes it an obvious focus for discussion of commodity money systems, and for contrasts with today's fiat money regimes.

The Gold Standard: The Challenge of Evidence-Based Medicine and Standardization in Health Care

Gold standard - The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold and currency issuers guarantee, under specified rules, to redeem notes in that amount of gold. Nations that employ such a fixed unit of account, and which will redeem their notes to other nations in gold, in principle, share a fixed currency relationship.

Gold Standard Act - The Gold Standard Act of the United States was passed in 1900 (ratified on March 14) and established gold as the only standard for redeeming paper money, stopping bimetallism (which had allowed silver in exchange for gold).

Gold Standard Laboratories - Gold Standard Laboratories or GSL is an independent record label which was founded in 1993 in Boulder, Colorado by Sonny Kay. In 2001, it was moved to San Francisco, California, USA, but it is currently headquartered in Los Angeles, California, USA.

Gold standard (test) - In medicine, a gold standard test is the diagnostic test that is regarded as definitive in determining whether an individual has a disease process.

goldstandard

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