A potential series on understanding the transition of the US economy in the Crisis of the 1970s: The episode on foreign exchange, gold convertibility, and the Nixon Shock of August 15, 1971. (A Bill solo episode recorded Jan 12, 2022.)
The 4th part of our miniseries on money itself during the 2nd Industrial Revolution in the US. Bill and Rachel look at the political battles over silver coinage and the gold standard and why neither position makes sense in hindsight.
Links and noted for Ep. 398 (PDF): http://arsenalfordemocracy.com/wp-content/uploads/2021/10/American-Money-Part-IV_-The-Cross-of-Gold-Arsenal-For-Democracy-Ep-398.pdf
Theme music by Stunt Bird.