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Vintage DHP Ep. 0035: A History of the US Dollar Part 4 - The Bretton Woods System - Publication Date |
- Aug 26, 2020
- Episode Duration |
- 01:03:27
Dusted off from the darker recesses of the DHP Vault, yet another 2014-vintage installment in the History of the US Dollar series, reissued on the Gen-Pop feed for a limited time!
Join CJ as he discusses:
The Bretton Woods system, set up in 1944 as the framework for the international monetary order
The roots of the Great Inflation (c. mid-1960s-early-1980s) that would end Bretton Woods & any link between the US dollar and specie (gold & silver), including the rise of the so-called “New Economists”, who pushed a Neo-Keynesian view that relied heavily on a model called the “Phillips Curve” (BTW, the stagflation of the 1970s later proved that the Phillips Curve doesn’t always work)
How the Great Inflation came to be, looking across multiple decades & presidential administrations
The government’s responses to inflation, including de-monetizing silver in the mid-60s & ending the Bretton Woods ‘gold window’ in 1971
Some of the effects of inflation
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CJ’s Picks: Amazon Affiliate Links
The Great Inflation and Its Aftermath: The Past and Future of American Affluence
The Creature from Jekyll Island: A Second Look at the Federal Reserve
A History of Money and Banking in the United States: The Colonial Era to World War II
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