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WiM010 - Dear Eric Weinstein
The "What is Money?" Show
The Gold Standard and the Great Depression
20th century is best understood as a progression away from money having an objective standard of value. It began with the centralization of gold, i think that was in the nineteenth century and early twentieth century. World war one accelerates it when a number of countries went off off the gold standard. Another key event was the great depression,. After world war two, there e was still some semblance of a tie between national currencies and gold. And ah, citizens couldn't redeem the us. Dollar notes for gold, but foreign governments could. Then we get to nine, 19 71, hich is the point in history that both cones and erik wanst point to as being the moment everything
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