Can someone explain exactly what is the gold standard? and why we went off it? what are the pros and cons? any countries still on it?
also try the following Google search strings:
"gold standard" site:.mises.org
"gold standard" site:.cato.org
hayek "gold standard"
(the 3rd result is an article whose abstract is available via ingentaConnect, a scholarly portal, if you will. the article is from the scholarly journal "Managerial Finance")