Yeah, that Great Depression cleared out malinvestment real good. And the last 15 years in Japan did the same thing.
Why you think 12 men meeting in a room can better manage the money supply better than a commodity baffles me.
What's so magic about a commodity controlling the money supply?
But rest assured you share good company in that view with Krugman, Galbraith, and Keynes.
Krugman is politically ignorant, you are economically ignorant.