Money is a measure of value and works best when that value is stable, just like the inches in a foot. So when the U.S. abandoned the gold standard (50 years ago this week), it cost our economy trillions of dollars in lost growth, and those consequences aren’t over yet. Steve Forbes on the abandonment of the gold standard and on why the financial and economic crises suffered continue to date.

Steve Forbes shares his What’s Ahead Spotlights each Tuesday, Thursday and Friday.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.