All the way back from 2014, another blast-from-the-past Vintage DHP episode, reissued on the public feed for a limited time only!
Join CJ in 2014 as he discusses:
How hard money was eventually restored after the Civil War
The Mint Act of 1873 (called the “Crime of ’73” by its opponents)
The Populists’ (unsuccessful) challenge against the Gold Standard
The establishment of the Federal Reserve in 1913 and its effect on US money
Inflation/devaluation during the First World War
The actions of Benjamin Strong (Head of the NY Fed) in the 1920s to help the British pound, moves which also caused the stock & real estate bubbles of the 1920s, which burst in 1929
The end of the gold standard, gold confiscation, and the devaluation of the US Dollar under FDR in the 1930s, and how this was actually one of the factors that led to the Second World War
External Links
An interesting animated documentary called “Money as Debt” — though I don’t agree with all of their analysis and recommendations, they do a great job explaining fractional-reserve banking and how money in our economy actually is based on debt
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CJ’s Picks: Amazon Affiliate Links
A History of Money and Banking in the United States: The Colonial Era to World War II by Murray Rothbard
The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin
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