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Why did the gold standard "fail" in the middle of the 20th century? In this podcast episode, Everett walks through some of the factors that caused governments around the world to abandon the gold standard. He ultimately connects the demise of tying money directly to gold to part of the larger trend of ever-expanding government control and concentration of economic power.
By Everett Millman4.9
1111 ratings
Why did the gold standard "fail" in the middle of the 20th century? In this podcast episode, Everett walks through some of the factors that caused governments around the world to abandon the gold standard. He ultimately connects the demise of tying money directly to gold to part of the larger trend of ever-expanding government control and concentration of economic power.