In this Institute of Economic Affairs podcast, IEA Head of Media Reem Ibrahim interviews Dominic Frisby, comedian and financial commentator. The conversation explores Frisby’s recent book “The Secret History of Gold” and examines why gold is becoming increasingly important as a strategic reserve, particularly with China’s growing economic influence. They discuss how Frisby’s investigation into gold and commodities led him to understand modern monetary systems, including how most money is created through debt issuance and why housing has become so unaffordable.

The discussion covers the connection between fiat currencies and government power, with Frisby arguing that state control of money enables broader state control across society. He explains how the 19th century gold standard era saw consumer prices halve over decades, contrasting sharply with today’s persistent inflation. The conversation examines Bitcoin as an alternative monetary system and explores whether decentralised money could limit government overreach. Frisby shares his experience writing about controversial topics and the challenges he’s faced with venue cancellations.

The interview concludes with Frisby’s unique approach to political satire through music, including songs like “Govern Me Harder” that blend comedy with economic commentary. He discusses how fiat money enables institutions to operate outside normal market rules and how this affects everything from education to media. Frisby explains his work across multiple platforms, from financial commentary through his Flying Frisby newsletter to comedy performances, and why he believes humour remains one of the most effective tools for communicating free market ideas.

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