Today's monetary systems is nothing like the past. In this month FC podcast, Nate and Dan examine the very long transition from a gold standard to a fiat currency in US. In part one, the guys talk about how the gold standard functioned in the time period before the Great Depression. 

After the clergy took control of Iran in 1979, chaos ensued throughout global oil markets. In this month's podcast Nate and Dan pick up where they left off and discuss how and why oil prices more than doubled in the early 1980s and the mechanism for the demand destruction the eventually brought prices back in balance. 

In this month's podcast Nate and Dan discuss the revolution that had the biggest and fastest impact on the global economy. In 1979 decades of US "grooming" in Iran were undone when the clergy overthrew the Shah and took control of the country and oil fields. In part one of this episode, we discuss the history of Iran during the 1950's, 60's and early 70's, the prelude to revolution. 

Nate and Dan keep the revolution streak going this month by retelling one of the most importnat and impactful stories in modern history. 

In this month's episode, Nate & Dan examine one of the most important events of the 20th century through the lense of economics. 

He's considered one of the greatest investors of all time. In this month's episode Nate & Dan tell the ironic story of how Warren Buffett came to own Berkshire Hataway.

The Panic of 1907 was a financial crisis in the United States marked by a stock market crash and a run on banks. Triggered by the collapse of a major trust company, it led to widespread panic and financial instability. J.P. Morgan intervened to restore confidence, establishing the precedent for future government intervention in financial crises.

In 1824 a landmark case heard by the SCOTUS settled an early dispute in the US about the power individual states had to regulate commerce. In this month's podcast, Nate and Dan tell the story of how a monopoly in the Hudson River started out as a great idea but quickly became unpopular.

He is considered the father of the nation's financial system. In this month's episode Nate & Dan discuss the first US Treasurer Alexander Hamilton, his policies and why he created a lot of enemies while in office. 

It wasn't so much the Great Depression that changed America but United States Government's response to it that help shaped the future. In this month's episode Nate & Dan discuss FDR's policies and just how game-changing they were.