The Economic Times

Quote of the day by former Fed chair Ben Bernanke: 'A gold standard doesn't imply stability in the prices of the goods and services...' - economic lessons by the economist & Nobel Prize winner

Quote of the day by Ben Bernanke: Former Fed Chair Ben Bernanke clarifies that a gold standard stabilizes gold prices, not everyday goods and services. This distinction is crucial for understanding monetary policy's real-world impact on people's wallets. Bernanke's insights help demystify economic debates by focusing on practical effects rather than theoretical hopes.