Episode 154 - The Cross of Gold

10/17/20101 Comment

Running Time: 1:00:00

Description:What is the essence of money? Is it a store of value? Is it a medium of exchange? Should it be both, or should they be separated? Join us this week on The Corbett Report as we explore the history of William Jennings Bryan and the Populists, The Wizard of Oz, and the real nature of money.


Documentation - The Secret of Oz
Time Reference: 17:41
Description: An extremely important documentary on the nature of money and the real economic history of the world.
Link To: SecretofOz.com
Documentation - The Crime of 1873
Time Reference: 29:02
Description: A website devoted to explaining the importance of the Coinage Act of 1873.
Link To: The Crime of 1873
Documentation - Bryan's Cross of Gold speech
Time Reference: 32:20
Description: Read the entire speech and listen to excerpts read by Bryan himself.
Link To: HistoryMatters.gmu.edu
Documentation - The Wizard of Oz: Parable on Populism
Time Reference: 39:44
Description: Henry Littlefield's now-famous essay on The Wizard of Oz and its hidden allegory of monetary history.
Link To: Amphigory.com
Documentation - Overview of critical responses to Littlefield
Time Reference: 41:44
Description: Presents a wide overview of the way Littlefield's thesis has been treated by subsequent scholars.
Link To: TurnMeOnDeadMan
Documentation - Gold coin 'worn by Caesar's assassin' goes on show at the British Museum
Time Reference: 46:44
Description: A very interesting article a propos Caesar's assassination and the topic of gold money.
Link To: Telegraph.co.uk
Documentation - Digital Coin
Time Reference: 51:01
Description: The website of monetary theorist Paul Grignon. His idea has to be studied to be understood, but is quite ingenious.
Link To: Digital Coin

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  1. I found this episode very interesting (just like the other episodes). I was surprised to hear about a shortage of money that caused problems in the US during the late 19th century. After reading Rothbard, if I remember correctly, I’ve been thinking that the amount of money in circulation is not a problem, because people adjust prices to match. As is the case with Bitcoin: there is a finite amount, and the price varies according to demand. I’ll appreciate any repies, I’d like to know if I’m mistaken in thinking this.

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