In Our Time cover image

The Gold Standard

In Our Time

CHAPTER

The Gold Standard's Legacy

This chapter examines the historical significance of the gold standard in the international monetary system, focusing on its evolution post-World War II and Nixon's pivotal decision to abandon it. It discusses the complexities of the gold standard's role in fiscal policy debates, contrasting proponents and critics while referencing key historical moments, including the Bretton Woods agreement. The chapter highlights the lasting impact of this monetary framework on global economies and economic thought, illustrating how past policies shape contemporary views.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner