A gold standard does not imply currency pegs. I think we can all agree that pegs never work.
As for the panics etc. in the 19th century, yes they happened, and were usually the result of government monkey business with the economy. Note that with fiat money we've still had panics, depressions, and recessions, including the Mother Of All Depressions.
The last one was just 10 years ago.
> The gold standard can't stop price inflation
If it doesn't, then you don't actually have a gold standard. You have pegging a currency to gold, which is something quite different.
As for the panics etc. in the 19th century, yes they happened, and were usually the result of government monkey business with the economy. Note that with fiat money we've still had panics, depressions, and recessions, including the Mother Of All Depressions.
The last one was just 10 years ago.
> The gold standard can't stop price inflation
If it doesn't, then you don't actually have a gold standard. You have pegging a currency to gold, which is something quite different.