The Gold Standard System of the British Empire

The system did not work because of gold the system worked because of empire and this was made also very clear in two books that I'd like to refer to one was a really interesting it's very interesting that Keynes is Indian currency and finance is often regarded as the primer for the gold standard. Without this ability to export capital Britain would not have been able to maintain the gold standard Michael perhaps you want to add a couple of things here as well? We'll be back at 8pm tonight on BBC Radio 4’s The World At One.