Killing the Gold Standard

Why did Orson Welles take on a murder mystery? Listen for yourself. This week, we're sharing a special preview of Orson Welles and the Blind Soldier from the podcast Radio Diaries. In this series, we learn how Welles used his platform to shed light on a crime in a small, southern ...  عرض المزيد

March 10, 1949. Defendant Mildred Gillars arrives at a courthouse to hear her verdict. To trial-watchers, she’s known as Axis Sally—the American woman who broadcast Nazi propaganda from Berlin during World War II. In taunting tones, she spent years pushing anti-Semitic and anti-A ...  عرض المزيد

In 1971, President Richard Nixon changed the rules of money because foreign countries being paid in U.S. dollars grew skeptical when the U.S. Treasury was printing more and more money to cover our debts, and they began exchanging their dollars directly for gold in earnest, deplet ...  عرض المزيد

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 ...  عرض المزيد

As banks collapse and governments run out of money, the popular solution is to print more and more and expand bank balance sheets. But is there another way of fixing our economy? Would the financial system be more stable if each pound in our pocket was backed by gold? The Today p ...  عرض المزيد

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 ...  عرض المزيد