Cassel’s main argument was that the mismanagement of the gold standard is what led to the severe depression of the 1930s. Just as Cassel argued that the mismanagement of gold led to the depression of the 1930s I’d argue that the mismanagement of the US dollar has already triggered the depression we are living in. Please click here to continue reading.
Karl Gustav Cassel, who is known for his notable contributions to the theory of Purchasing Power Parity, is also one of the only economist who rightly predicted the depression that we all now famously know as The Great Depression. Please click here to continue reading.