iPlayer Radio What's New?
Image for The Gold Standard

Listen now 30 mins

Listen in pop-out player

The Gold Standard

Duration:
30 minutes
First broadcast:
Monday 02 July 2012

As banks collapse and governments run out of money, the popular solution is to print more and more and expand bank balance sheets. But is there another way of fixing our economy? Would the financial system be more stable if each pound in our pocket was backed by gold? The Today programme's business presenter Simon Jack meets the so-called 'gold bugs' who predict the collapse of the paper system as well as those who argue that a return to the gold standard would be a huge mistake. Which makes more sense - placing your faith in a yellow metal or in money created at the push of a button?

Interviewees include ...
Detlev Schichter: fellow at the free market think tank the Cobden Centre and author of the book Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown

John Butler: Chief investment officer at Amphora (an independent investment and advisory firm in London) and author of The Golden Revolution: How to prepare for the coming global gold standard

Lord Skidelsky: Cross-bench peer, Emeritus Professor of Political Economy at the University of Warwick and biographer of the economist John Maynard Keynes

Dani Rodrik: Professor of International Political Economy at Harvard's Kennedy School of Government and author of The Globalization Paradox: Democracy and the future of the World Economy

Barry Eichengreen: Professor of Economics and Political Science at the University of California, Berkeley and author of Exorbitant Privilege - The Rise and Fall of the Dollar and the Future of the International Monetary System

Dr DeAnne Julius: chairman of Chatham House and former member of the Bank of England's monetary committee

Lord Lawson: Conservative former Chancellor of the Exchequer

Producer: Helen Grady.

  • What is Money?

    We dream about it, worry about it, spend it, save it - but what exactly is money?

Broadcasts

Featured in...

The Best of Analysis

The Best of Analysis

Exploring the ideas and forces which shape the world we live in.

Free download

  1. Image for Analysis

    Analysis

    Analysis makes sense of the ideas that change the world. What made Islam political, whether the…

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.