Unfortunately governments worldwide ruined the gold standard by handling it very poorly (and at several points not accepting silver as a substitute), so naturally the conclusion that was pushed is that the gold standard was bad and not that the government handled it badly. From what I remember Nixon actually wanted to couple the USD back to gold again after the crisis he was presiding over but never got the chance.
Now the government is handling fiat currency badly and we have a problem again.
Just going back to gold standard wouldn't mean it is handled better this time however. There is another idea that got floated to base a currency on several different commodities (including gold) that reflect the state of the economy overall but ofc no government wants to hear that.
Unfortunately governments worldwide ruined the gold standard by handling it very poorly (and at several points not accepting silver as a substitute), so naturally the conclusion that was pushed is that the gold standard was bad and not that the government handled it badly. From what I remember Nixon actually wanted to couple the USD back to gold again after the crisis he was presiding over but never got the chance.
Now the government is handling fiat currency badly and we have a problem again.
Just going back to gold standard wouldn't mean it is handled better this time however. There is another idea that got floated to base a currency on several different commodities (including gold) that reflect the state of the economy overall but ofc no government wants to hear that.