But Bernanke mistakenly believes that the old gold standard somehow caused and deepened the Great Depression.
The article said that though the current European crisis has shades of old gold-era crises, it remains substantially different.
Under the old gold standard system, a currency could be converted into fixed amounts of gold and vice versa.
They talk about "very old gold chains, diamonds and precious stones which cannot be valued in terms of money".
The pieces include a rare Gutenberg bible, paintings by Monet and Matisse, and priceless 5, 000 year-old gold artefacts known as Priam's Treasure.
Even so eminent a dealer as The Fine Art Society has its former "Old Gold Room" where decades of gilt frames awaited their doom.
But do we have to have Barry Eichengreen piling on the old gold standard once again as he did in the introduction to the article?
Conventional academic wisdom is that this period has been a wonderful example of how economic management via currency manipulation can solve the terrible problems of the bad old gold standard years.
FORBES: Paul Krugman v. David Stockman: The Great Debate Over Gold Continues
If the old gold there intrigues you, the second Treasure Gallery will transport you: illuminated case after case of works, mundane and magisterial, imbued with the subtle power to reach out to us across these centuries.
So the most recent, tiny remnant of the old gold standard (the Bretton Woods System only applied to international exchanges, it had no domestic impact on the US or other nations) did indeed collapse for exactly the problem of the supply of gold.
Few 2012 Olympic hopefuls have received more attention this year than Janet Evans, the long-retired 40-year-old swimming gold medalist who is attempting a comeback in the 400- and 800-meter events.
Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today.
In its place is a gold old fashioned ad campaign that mixes messages around who is actually responsible for obesity.
But only a desperate lunge earned the 21-year-old from Llanelli gold ahead of Frenchman Fadil Bellaabouss, who was given the same time on Saturday.
The 18-year-old gymnast won gold on the balance beam for the United States at the Beijing Games in 2008, alongside three more silver medals, installing herself as a poster child of US sporting success and garnering a host of accolades, as much for her likeable personality as her achievements.
BBC: US gymnast Shawn Johnson seeks focus to succeed in 2012
Gold is the age-old hedge against rising inflation, the price of gold rising when inflation rises.
Meanwhile, Williams was in vintage form in 2012 as the 31-year-old tasted Olympic singles gold for the first time in addition to taking her grand slam collection to 15 titles, following this year's triumphs at both Wimbledon and the U.S. Open.
After waiting for about 40 minutes at a Ginza gold shop, Akemi Nakamura, a 50-year-old mother of two, sold gold accessories that she bought 20 years ago.
The result gave German 34-year-old Jens Fiedler the third gold medal of his Olympic career.
Halsall finished second in the women's 50m freestyle as Australian 15-year-old Yolane Kukla narrowly won gold.
If you were a fan of Slacker's old-school black and gold aesthetic, you can mourn its passing today.
The sheen, however, has come off gold, the old reliable of old.
The 38-year-old Romanian picked up the gold in Beijing but has never finished the London Marathon higher than the third place she gained in 2007.
In searching for a home for the museum, Ghubash turned down a free site in Dubai's official heritage district for an old house in the historic Gold Souk neighborhood she grew up in.
Mr. Simpson, 36 years old, who won a gold medal at the 2008 Olympics and a silver at the 2012 Games, was "trapped under a solid section of the yacht, " said Iain Murray, the Cup's regatta director.
Mitsubishi Heavy Industries, one of the companies in the old Mitsubishi keiretsu, also sees gold in green.
The 28-year-old judoka explains why winning a gold medal would mean everything to him -- and his father.
The old money backed by gold flowed to the hardworking producers.
The fact is that the dollar, unlike the gold and silver of old, is a depreciating resource, a fiat currency.
FORBES: Opium Wars Revisited: Will China Corner The Gold Market?
McColgan came to the public's attention as 22-year-old Liz Lynch when she took gold at the 1986 Commonwealth Games in Edinburgh.
应用推荐