Should the U.S. return to a monetary policy based on the Gold standard?

The gold standard today has nearly disappeared as a political issue. The world has abandoned the gold standard in favor of so-called "paper money," and only a diminishing group continues to call for its return. However, if mainstream economists have anything to say about it, there will never be a return to the gold standard. Even so, defenders of the gold standard include such former presidential candidates as Jack Kemp and Stephen Forbes. Furthermore, even …

…money, which is already simple and enjoys a successful track record. References: Davies, Glyn. 1994. "Origins of Money" A history of money from ancient times to the present day. Gnazzo, Douglas V. 2005. "Can the U.S. Return to a Gold Standard?" Financial Sense. http://www.financialsense.com http://www.huppi.com/kangaroo Kemp, Jack. 2001. "Our Economy Needs a Golden Anchor" Wall Street Journal, pg A16. Touro University, 2006. "What is Money" M & B - Fall 2005.