30. Murray Rothbard, What Has Government Done to Our Money?, pt. 6

By | November 6, 2017

Murray Rothbard explains the origins of money, its use in a free society, and the obfuscation of the function of money by the government.  The free market creates money; government destroys it for its own ends.  Part 6 of 6.

Topics covered in this episode:

  • How the gold standard broke down over the past two hundred years
    • Phase 1: The Classical Gold Standard, 1815-1914
    • Phase 2: World War I and After
    • Phase 3: The Gold Exchange Standard, 1926-1931
    • Phase 4: Fluctuating Fiat Currencies, 1931-1945
    • Phase 5: Bretton Woods and the New Gold Exchange Standard, 1945-1968
    • Phase 6: The Unraveling of Bretton Woods, 1968-1971
    • Phase 7: The End of Bretton Woods, Aug-Dec 1971
    • Phase 8: The Smithsonian Agreement, Dec 1971-Feb 1973
    • Phase 9: Fluctuating Fiat Currencies, March 1973 – Present

Murray N. Rothbard, What Has Government Done to Our Money?


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Intro music: Ching by Glass Boy
Source of the text: Mises Institute

Nixon goes off gold