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Congressman Ron Paul is a supporter of it. Arizona shooter Jared Lee Loughner had a sick obsession with it. Eliminated entirely by Richard Nixon following the fiscal strains of the Vietnam war, the gold standard has recently returned to the spotlight. But how does the standard work, and what would happen if America switched back to the gold standard for our currency? On this week’s edition of The Breakdown, DC Editor Chris Hayes and Pulitzer Prize-winning author Liaquat Ahamed explore the pros and cons of backing our dollars with gold. |
Resources
The first chapter of Ahamed’s pulitzer prize-winning book Lords of Finance: The Bankers Who Broke the World.
Paul Krugman blogpost, What’s our gold standard?
Ron Paul on the gold standard.
More on Loughner’s obsession with the gold standard.
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