EPISODE · Dec 26, 2023 · 21 MIN
Ep 259 | Why the Bretton Woods Agreement Matters | Guest: Larry White
from Kibbe on Liberty · host Blaze Podcast Network
The international monetary system is a mess, but how did it get that way? In large part, it is due to a deal that was cut in Bretton Woods, New Hampshire, in 1944. At the scene of the crime 80 years later, Matt Kibbe sits down with economics professor Larry White to dissect how the pre-World War I stable gold standard was transformed into one of fiat currencies that encourage overborrowing, overspending, and the rampant inflation we are seeing today.
What this episode covers
The international monetary system is a mess, but how did it get that way? In large part, it is due to a deal that was cut in Bretton Woods, New Hampshire, in 1944. At the scene of the crime 80 years later, Matt Kibbe sits down with economics professor Larry White to dissect how the pre-World War I stable gold standard was transformed into one of fiat currencies that encourage overborrowing, overspending, and the rampant inflation we are seeing today.
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Ep 259 | Why the Bretton Woods Agreement Matters | Guest: Larry White
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