From Gold to Paper and Back Again
Gresham College Lectures
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Gresham College Lectures
From Gold to Paper and Back Again
Sep 18, 2014
Gresham College
Starting his series on the history and science of monetary policy, Jagjit Chadha examines the gold standard: http://www.gresham.ac.uk/lectures-and-events/from-gold-to-paper-and-back-again
Money was linked historically to the value of commodities such as gold in order to help preserve its value and encourage its wide and ongoing use. There are many examples of countries temporarily delinking from commodity standards. This lecture will explore the consequences of tying monetary value to commodities and why there are better choices for a government than a commodity standard.
Money was linked historically to the value of commodities such as gold in order to help preserve its value and encourage its wide and ongoing use. There are many examples of countries temporarily delinking from commodity standards. This lecture will explore the consequences of tying monetary value to commodities and why there are better choices for a government than a commodity standard.
