Gold Standard Part 4: Central Banking and The End of the Gold Standard

Episode Air Date: March 29 2023

Follow us on twitter: https://twitter.com/FundiesPodcast

Following along with this article from Philosophical Economics we will be diving into how the Gold Standard works as an easy crash course in what it is, how it functions, and clear up any misconceptions.

In this episode, we dive into how the gold standard functions in a central banking system as well as the theories surrounding how central banking is utilized as a control mechanism in modern economies (and their failures).

 

Central banking, by manipulating the money supply, central banks can cause economic booms and busts, leading to destabilization and uncertainty. They have a history of mismanaging economies and ignoring market signals.

We are not sponsored by anyone. However if you are committed to liberty and supporting good companies please check out:

Crowdhealth an insurance alternative

Sheath underwear for your cradling needs

Minds for a freer alternative to Twitter

The gold standard was abandoned in 1933 with Executive Order 6102, which made it illegal for U.S. citizens to own gold, and how it set the stage for the irresponsible monetary policy we see today.