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Monetary Theory - Season 1 Episode 2 The Gold Standard

Trailer
In lecture two, we learn about the mechanics of a gold standard, focusing on how supply and demand for monetary gold determine money’s quantity and purchasing power. Dr. White explains the system’s self-correcting mechanism, where changes in demand spur adjustments in gold mining, restoring equilibrium and supporting long-run price stability. Comparing gold and fiat systems, the lecture highlights historically lower inflation, greater price predictability, and stronger fiscal discipline under gold. Finally, we review common objections about gold resource costs and consider why economists today generally oppose returning to a gold standard.

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First Air Date: Mar 03, 2026

Last Air date: Mar 03, 2026

Season: 1 Season

Episode: 8 Episode

Runtime: 26 minutes

IMDb: 0.00/10 by 0.00 users

Popularity: 0.0362

Language: English