The Gold Standard: When Money Meant Something
The gold standard, which tied currency to physical gold reserves, provided stability but limited governments' ability to respond to economic crises, leading to its abandonment in favor of fiat currency, which allows flexible monetary policy but risks inflation and unchecked government spe
Sign up to read the full summary
Free AI-powered recaps of every episode, delivered to your inbox.
Free forever for up to 3 podcasts. No credit card required.
Mentions
Books, people, and resources mentioned in this episode.
People
Books
Companies
Products & Tools
Research & Papers
Topics
Listen to This Episode
More from Stuff You Should Know
The Middle Class: Canary in the Gold Mine
Selects: How the Fairness Doctrine Worked
What's the deal with Swiss neutrality?
Short Stuff: All about BPAs
Data Centers: Can't Live With Em, Can't Live Without Em
Short Stuff: Simple Spelling Movement
Related episodes
From other shows on similar topics.
Interview with Jeremy Cordon
Part Of The Problem
Brendan Greeley on the Real 500-Year History of the Dollar
Odd Lots
Peter Schiff on Gold’s Dominance Over the S&P and the Plot to Stop You From Noticing
The Tucker Carlson Show
AI chips away at cybersecurity job opportunities
Marketplace
Ray Dalio: Our System Is in Jeopardy - Debt, AI & the Cycle That Destroyed Rome
All-In with Chamath, Jason, Sacks & Friedberg
Mark Moss Reveals Why You Should NEVER Sell Your Bitcoin | DSH #2051
Digital Social Hour
Get summaries like this every morning.
Free AI-powered recaps of Stuff You Should Know and your other favorite podcasts, delivered to your inbox.
Free forever for up to 3 podcasts. No credit card required.