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What Happened to Australia's Golden Era? The Gold Standard Story.
Remember the stories from your parents or grandparents? A time in Australia when one income could buy a family home, our economy was the envy of the world, and the standard of living was climbing for everyone.
Between the 1950s and 1970s, Australia experienced a "golden era" of prosperity. Today, many Aussies feel left behind, struggling with high taxes and a housing market that seems impossibly out of reach.
So, what changed?
One of the biggest economic shifts was moving away from the gold standard. In this video, we investigate the controversial idea that leaving the gold standard may have been a critical mistake. We'll dive into:
✅ What the gold standard actually is and how it worked.
✅ Why Australia experienced such incredible growth during that post-war period.
✅ The real reasons we abandoned it for our modern fiat currency system.
✅ The arguments for and against returning to a gold standard today.
✅ Why politicians and mainstream economists refuse to consider it as a solution for our current economic problems.
Is the gold standard a relic of the past, or is it the forgotten key to unlocking Australia's prosperity once again?
Join the discussion in the comments below! We'd love to hear your thoughts.
Connect with Alasdair Macleod:
https://x.com/MacleodFinance
https://substack.com/@macleodfinance
@AsGoodAsGoldAustralia
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