From the time of Alexander Hamilton to Richard Nixon (with a time out for the Civil War), every American dollar was backed by gold and/or silver. In this program, three economists discuss the history of the Gold Standard and weigh the potential benefits and drawbacks that would come with its reinstatement. Why did America abandon it in 1971? And what would need to happen for America to return to a gold-based monetary system?
James Grant is the founder and edito