4 Corrected and improved.
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Yes, in principle, under a gold standard, the central bank can producebuy more gold, whichor build a mine and mine it, which increases money supply. This lowers the short run interest rates. But the issue is that it typically can't fight the market price of gold: when the price of gold increases beyond the parity, people rush to exchange their paper currency for gold at the bank. The only way to make paperThis happens until money more abundant isbecomes so scarce that ir regains its value relative to procure more gold in some other way....

This is very different from what happens with fiat currency. With fiat currency, the central bank can buy bonds, or gold, but it can even just print money and give it away. ( that'sThe act of giving it for free to individuals is called a "helicopter drop". Dropping it from a helicopter drop, which is one way to actually do it...)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value relative to gold. In this case, it's really hard for the central bank to lower the value of money if it wants, for example, to stop a deflation. Instead, because bonds are also denominated in the country's currency, making money lose value also makes bonds lose value and vice versa.

Yes, in principle, under a gold standard, the central bank can produce more gold, which increases money supply. This lowers the short run interest rates. But the issue is that it can't fight the market price of gold: when the price of gold increases beyond the parity, people rush to exchange their paper currency for gold at the bank. The only way to make paper money more abundant is to procure more gold in some other way....

This is very different from what happens with fiat currency. With fiat currency, the central bank can buy bonds, or gold, but it can even just print money and give it away. ( that's called a helicopter drop, which is one way to actually do it..)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value relative to gold. In this case, it's really hard for the central bank to lower the value of money if it wants, for example, to stop a deflation.

Yes, in principle, under a gold standard, the central bank can buy more gold, or build a mine and mine it, which increases money supply. This lowers the short run interest rates. But the issue is that it typically can't fight the market price of gold: when the price of gold increases beyond the parity, people rush to exchange their paper currency for gold at the bank. This happens until money becomes so scarce that ir regains its value relative to gold.

This is very different from what happens with fiat currency. With fiat currency, the central bank can buy bonds, or gold, but it can even just print money and give it away. ( The act of giving it for free to individuals is called a "helicopter drop". Dropping it from a helicopter is one way to actually do it...)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value relative to gold. In this case, it's really hard for the central bank to lower the value of money if it wants, for example, to stop a deflation. Instead, because bonds are also denominated in the country's currency, making money lose value also makes bonds lose value and vice versa.

3 improved answer
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Yes, in principle, under a gold standard, the central bank buyscan produce more gold, which increases money supply, and potentially. This lowers the short run interest rates.  But the issue is that it can't fight the market price of gold: when the price of gold increases beyond the parity, people rush to exchange their paper currency for gold at the bank. The only way to make paper money more abundant is to procure more gold in some other way....

This is very different thanfrom what happens with fiat currency. With fiat currency, the central bank can buy bonds, or gold, but it can even just print money and give it away. ( that's called a helicopter drop, which is one way to actually do it..)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value relative to gold. In this case, it's really hard for the central bank to lower the value of money if it wants to, forfor example, to stop a deflation.

Yes, in principle, under a gold standard, the central bank buys more gold, which increases money supply, and potentially lowers interest rates.  

This is very different than fiat currency. With fiat currency, the central bank can buy bonds, but it can even just print money and give it away. ( that's called a helicopter drop, which is one way to actually do it..)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value relative to gold. In this case, it's really hard for the central bank to lower the value of money if it wants to, for example to stop a deflation.

Yes, in principle, under a gold standard, the central bank can produce more gold, which increases money supply. This lowers the short run interest rates. But the issue is that it can't fight the market price of gold: when the price of gold increases beyond the parity, people rush to exchange their paper currency for gold at the bank. The only way to make paper money more abundant is to procure more gold in some other way....

This is very different from what happens with fiat currency. With fiat currency, the central bank can buy bonds, or gold, but it can even just print money and give it away. ( that's called a helicopter drop, which is one way to actually do it..)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value relative to gold. In this case, it's really hard for the central bank to lower the value of money if it wants, for example, to stop a deflation.

2 added 46 characters in body
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Yes, in principle, under a gold standard, the central bank buys more gold, which increases money supply, and potentially lowers interest rates.

This is very different than fiat currency. With fiat currency, the central bank can buy bonds, but it can even just print money and give it away. ( that's called a helicopter drop, which is one way to actually do it..)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value relative to gold. In this case, so it's it's really hard for the central bank to lower the value of money if it wants to, for example to stop a deflation.

Yes, in principle, under a gold standard, the central bank buys more gold, which increases money supply, and potentially lowers interest rates.

This is very different than fiat currency. With fiat currency, the central bank can buy bonds, but it can even just print money and give it away. ( that's called a helicopter drop, which is one way to actually do it..)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value, so it's really hard for the central bank to lower the value of money if it wants to stop a deflation.

Yes, in principle, under a gold standard, the central bank buys more gold, which increases money supply, and potentially lowers interest rates.

This is very different than fiat currency. With fiat currency, the central bank can buy bonds, but it can even just print money and give it away. ( that's called a helicopter drop, which is one way to actually do it..)

Even though in a gold standard, the central bank can increase money supply, this is different than buying bonds. This is because since money is backed by gold, it can't loose value relative to gold. In this case, it's really hard for the central bank to lower the value of money if it wants to, for example to stop a deflation.

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