The Gold Standard

Tags: Gold Standard, Monetary Theory, Value and Exchange, Global Economy, Money and Banks, World History

03/11/2010 Ludwig von Mises

The attempts to create a double standard of gold and silver failed lamentably. It was this failure that generated the gold standard — a manifestation of a crushing defeat of the governments and their cherished doctrines, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Jeff Riggenbach.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.