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215. Rothbard's The Progressive Era, with Patrick Newman

The Bitcoin Standard Podcast

CHAPTER

Silver vs Gold: Political Dynamics and Economic Concerns

The chapter explores the historical context of the free silver movement during the Progressive Era, focusing on the impact on farmers, the banking crisis of 1893, and the implications of shifting towards a silver standard. It delves into the economic worries surrounding the gold standard in the late 19th century United States, highlighting conflicting views on monetary policies and the pivotal role of JP Morgan in supporting the gold standard. The discussion compares silver and gold as monetary assets, likening silver to a 'shitcoin' and delving into the potential outcomes of a modern gold-based banking system without government intervention.

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