The gold standard, as an international institution, existed for less than 40 years, emerging first, and by accident, in England, and more than a century and a half later, spreading by a rapid series of independent, but interrelated, decisions to the United States, Germany, and most of Europe and much of the rest of the world. After its collapse with the outbreak of World War I, reconstruction of the gold standard was thought by many to be a precondition for recreating the stable and prosperous international order that had been brutally demolished by the Great War. But that attempt ended catastrophically when the restoration of the gold standard was subverted by the insane gold-accumulation policy of the Bank of France and the failure of the Federal Reserve and other national monetary authorities to heed the explicit warnings of two of the leading monetary theorists of immediate postwar era, R. G…
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Utopia, you are standing in it! 
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