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Planet Money

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Business, News & Politics

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Business 3

The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.

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#253: Gold Standard, R.I.P.

January 16th, 2015

Episode 753 of 911 episodes

Note: Today's show is a rerun. It originally ran inFebruary 2011.Franklin Delano Roosevelt ignores the advice of America's big-name economists — and listens instead to a guy who helped take care of the trees on his estate.Montagu Norman, head of the Bank of England, gets a coded message at a critical moment — and completely misunderstands what it means.On today's Planet Money: The gold standard and the Great Depression.It's the latest in our series on gold and the meaning of money.

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