Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.

不像在金本位时代的日子里，现在的联邦储备银行已经没有任何破产可能了；整个国家里只有它拥有合法伪造货币的权力(凭空造钱)。

youdao

The real difference between Federal Reserve Bank System of 1913 the most important difference and the Federal Reserve System of today is that we are no longer on the gold standard.

913年的联邦储备银行系统与，当今的联邦储备银行系统之间3，不同点在于，最重要的不同点，我们不再以金本位为基础了。

youdao

The Federal Reserve System has done a miserable job, with or without a gold standard, of providing the correct amount of currency for the economy.

联邦储备系统已经做了一个悲惨的工作，使用或不使用金标准，为经济提供了正确的货币量。

youdao

The Federal Reserve System was a gold standard institution like the Bank of England.

当时的联邦储备系统是一个,像英格兰银行一样的金本位制度的机构。

耶鲁公开课 - 金融市场课程节选

The real difference between Federal Reserve Bank System of 1913 the most important difference and the Federal Reserve System of today is that we are no longer on the gold standard.

913年的联邦储备银行系统与,当今的联邦储备银行系统之间3,不同点在于,最重要的不同点,我们不再以金本位为基础了。

耶鲁公开课 - 金融市场课程节选

The worst non-war time inflation in hundreds of years occurred in the decade after the U.S. left the gold standard in 1971 as the Federal Reserve was more biased to promoting growth than containing an oil-shock (sound familiar?).

FORBES: Fiat Money Never Stays Golden Forever

The only proven alternative to a global financial system without reserve currencies is the international gold standard.

FORBES: What Are Treasuries Really Saying? Nothing About Washington

Lehrman (with whom this writer is professionally associated via American Principles Project and the Lehrman Institute) has provided with The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies.

FORBES: Recreating A Real Gold Standard