freeblrBETA

Money

Home Money Video

What is the gold standard?

by Learn Liberty

Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today's paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard?

You might be interested in . . .

Have questions? Get answers!

FREQUENTLY ASKED QUESTIONS

Resources

You can make use of the following text and video to expand your knowledge and understanding of the topic covered in this unit.

Are Low Interest Rates Good?

Bubblegum Money

Currency In A Stateless Society

Does Money Inspire Us To Cooperate?

Money

Freedom To Choose Your Own Money

Hard Money In The Voluntaryist Tradition

Hidden Secrets Of Money: Currency vs Money

Money, Banking, And The Federal Reserve

Money, Interest, and Power!

Should We End The Fed?

The Biggest Scam In The History Of Mankind

The Costs Of Inflation

The Fed’s Grasping Invisible Hand

The Gold Standard

The Magical Trillion Dollar Coin

The Money That Is Sold Abroad Is You!

The Power In Money

The Truth About Bitcoin And Alternative Currencies

The Truth About Central Banking and Business Cycles

What Has Government Done To Our Money?

What Is Money?

What Is The Gold Standard?

When Money Is Corrupted

Why Not Print More Money?

Did you know that the creator of freeblr is on Minds?

SUBSCRIBE TO THE CHANNEL