Wednesday, January 22, 2014

Boom Bust - Benn Steil on the Gold Standard

From Boom Bust

Published on Jan 20, 2014

In the wake of the financial crisis that began in 2007, many have pointed a finger at the monetary system for being the ultimate genesis of financial problems that ended in crisis. Benn Steil, economic historian and author of "The Battle of Bretton Woods", takes us from the pre-1914 Gold Standard to today's fiat money dollar standard, highlighting the key issues in 8 minutes flat.