Gresham College Lectures
Gresham College has been providing free public lectures since 1597, making us London's oldest higher education institution. This podcast offers our recorded lectures that are free to access from the Gresham College website, or our YouTube channel.
Gresham College Lectures
From Gold to Paper and Back Again
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Gresham College
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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.