How Would a New Gold Standard Work?

Very well...

A return to some version of a gold standard has morphed from “gold bug fever dream” to “conceivable” in the past few years. Here’s why:

Since the 1990s, when Fed chair Alan Greenspan became a global celebrity nicknamed “the Maestro” by a credulous press …

… governments have borrowed ever-greater sums, forcing central banks to create a tsunami of new curr…