Last episode we heard a lot of arguments in the favor of the gold standard as opposed to having a fiat currency. In this episode we’ll understand the decline of the gold standard and the reasons behind it to learn some of the hurdles to returning.
Sources & Notes
- ReConsider’s first article on the productivity-wage gap
- ReConsider’s second article on the productivity-wage gap
- 1934 Gold Standard Act
- NPR – Why the US Left the Gold Standard
- A History of the Sterling
- The London Gold Pool
- More on the London Gold Pool in British Legislation
- Nixon and the End of the Gold Standard
- The Triffin Dilemma
- Bretton Woods (What Is It?)
- The Nixon Shock
- A Brief History of the Gold Standard in the US
- Gold Held by the US Treasury Over Time
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