The Gold Standard on Jeopardy

“The Gold Standard” was a category of questions on “Jeopardy” last night.  The questions involved knowing what “fiat” money is, how the gold standard stifles inflation, and FDR’s thieving confiscation of privately-owned gold in the 1930s.  (Citizens had to give up almost all their gold to the government at about $21/ounce or face a $10,000 fine and ten years in prison.  The government then sold the gold for $35/ounce for a tidy profit).


10:45 am on January 25, 2018

Political Theatre

LRC Blog

LRC Podcasts