* https://en.wikipedia.org/wiki/Cross_of_Gold_speech
> A comparison of 35 years against 4?
* https://en.wikipedia.org/wiki/Great_Moderation
Panics and economic downturns during the Gold Standard period were much more frequency. The term "Great Depression" used to refer to something else besides what happened in the 1930s, and the gold standard was a contributing factor to that as well:
* https://en.wikipedia.org/wiki/Long_Depression
> Take a look at the fed balance sheet [2]; under Kaynsian ideology you were supposed to sell that off during the boom years so you can take on debt during the busts but politicians are not disciplined enough to do that so the Gold Standard would've never let them.
On the Gold Standard the flexibility of emergency spending during bad years would not be possible: see 1930-1932, and then again in 1937–1938 when FDR tried to go back to balanced budgets through austerity.
* https://en.wikipedia.org/wiki/Recession_of_1937–1938
The politicians that tend to talk about "hard money" and responsible spending are the GOP—but who only seem to talk about it when a Democrat is in the White House. When their guy is in then it's all tax cuts, which do not pay for themselves:
* https://en.wikipedia.org/wiki/Kansas_experiment
and spending (see >$1T Pentagon budget(s)). They're mostly trying to roll back the New Deal (and later Great Society) and cut social programs:
