Core Argument - The article argues that returning to a gold standard can lead to significant economic growth, as evidenced by historical precedents in the United States [2][12]. Historical Context - The United States returned to the gold standard in 1879 after abandoning it in 1861, resulting in the greatest era of economic growth in the nation's history during the 1870s and 1880s [2][4]. - The government prepared for this transition by cutting tax rates and reducing spending, which contributed to a thriving economy [4][5]. Economic Formula - The article presents a formula for successfully returning to a gold standard: cut tax rates or eliminate them entirely, which would increase demand for currency and the underlying asset (gold) [5][6]. - Historical examples, such as the 1920s, demonstrate that cutting tax rates while reconnecting currency to gold can lead to legendary economic growth [8][9]. Lessons from the 1930s - The 1930s saw a failure to maintain the gold standard due to high tax rates and the demonetization of gold, leading to the Great Depression [11]. - The article emphasizes the importance of cutting tax rates to maintain a gold standard and avoid economic downturns [11][12].