Killing the Gold Standard

Happy Halloween! Today, we're bringing back a particularly spooky episode from the archives...June 10, 1692. Bridget Bishop is loaded into a two-wheeled cart and brought from her Salem jail cell to a pasture on a hill, where a rope is hanging from freshly-installed gallows. A cro ...  Show more

October 28, 1065. The king’s council meets in Oxford and throws a man out of England. His name is Tostig Godwinson, and the north of England already hates him. His own brother Harold, the most powerful earl in the realm and the likely next king, refuses to save him.Tostig does no ...  Show more

In the second episode in our series on bad ideas David talks to the political economist Helen Thompson about the gold standard, which was meant to anchor the world economy until it all fell apart a hundred years ago. Why does gold so often appear like a stable basis for money in ...  Show more

In 1971, Nixon took the dollar off the gold standard and ushered in the age of currency. Now, every currency in the world is pegged to the dollar—and the dollar is pegged to nothing. In today’s episode, we discuss The secret to surviving the next few years is keeping your wealth ...  Show more

Melvyn Bragg and guests discuss the system that flourished from 1870 when gold became dominant and more widely available, following gold rushes in California and Australia. Banknotes could be exchanged for gold at central banks, the coins in circulation could be gold (as with the ...  Show more