Alexis Questions Episode 002: Alexis Questions... Jacob Goldstein and the Gold Standard

In his book "Money: The True Story of a Made Up Thing", Jacob Goldstein writes about how paper money is created and managed in modern economies, and how its mismanagement has created economic hardship such as the Great Depression. Many believe that we may be headed for a recession similar in magnitude to what followed The Great Depression. But, this time around, we are not on a gold standard. Could that mean we are headed for a totally different (perhaps better) outcome? Put differently, does being off a gold standard help the Federal Reserve better maneuver a "soft landing"?

Click the link below to hear his interview!
https://www.npr.org/transcripts/1128248994

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Topics Discussed: gold standard, central banking, federal reserve, great depression, recession, jacob goldstein, planet money, npr, murray rothbard, economics, economy, finance, history, fed funds rate, interest rates, bank runs, bank failures, currency, paper money, fiat currency, gold, silver