Preface

from Mises Media Hosted by Murray N. Rothbard

Writing in 1991, Rothbard sets the essay in its original context: Bretton Woods as an international dollar standard masquerading as a gold standard. He contrasts it with the classical pre-1914 system, in which every currency was a defined weight of gold redeemable on demand, then recounts how the breakdowns of 1968 and 1971 tested Misesian predictions against an Establishment certain that gold would fall to $6 an ounce.

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This episode was published on August 5, 2026.

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