### Comment:
I think I get most of what you're saying I just disagree fundamentally.  The great depression wasn't caused by the gold standard.  The gold standard existed in some form up to the 1970s which is less than 50 years ago.  I and many others would argue that the ability of central banks to print money is one of the primary reasons for the creation of asset bubbles and the subsequent collapses.

### REPLY:
Asset bubbles and burst of these bubbles are economic cycles existed before ditching of gold standards, gold standards did not cause the Great Depression. However, gold standard prolonged the Great Depression because the central bank monetary policy was limited to its gold reserves.

### END.