GOLD (and silver) STD CAN WK IF "TWEAKBLE"

GOLD (and silver) STD CAN WK IF "TWEAKBLE"

GOLD (and silver) STD CAN WK IF IT'S VARIABLE, I.E. "TWEAKBLE" (never really tried before except de facto in Switzerland past & present).

Winston Churchill's greatest regret was, when he was in charge of the English treasury during the depression of the 1920's and 1930s', that he didn't devalue the English pound enough to soften the effect those hard years had on the English economy.

Hello.

I find it hard to believe that someone didn't say in effect,"Timeout, we need to devalue the English pound more and maybe more than once to get the economy moving."

As far as I can tell only two economists in the whole world (Irving Fisher and Piero Sraffa) were even considering it, and one way or another it didn't get communicated to the English.

Well, it's now 2011, and this time I'm not hearing anyone saying anything other than something like, "We need to return to the gold standard."

In other words, this time there is no one like Fisher and Sraffa saying, "We need to have a gold standard we can vary or "tweak" if the economy is going too fast or too slow."

Surely, there must be an economist out there somewhere that can appreciate the benefit of a more dynamic standard!