The Jordan Harbinger Show

1279: The Gold Standard | Skeptical Sunday

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Synopsis

Could returning to the gold standard fix inflation? Nick Pell explains why this shiny solution might not be all it's cracked up to be on Skeptical Sunday.Welcome to Skeptical Sunday, a special edition of The Jordan Harbinger Show where Jordan and a guest break down a topic that you may have never thought about, open things up, and debunk common misconceptions. This time around, we’re joined by writer and researcher Nick Pell!Full show notes and resources can be found here: jordanharbinger.com/1279On This Week's Skeptical Sunday:The gold standard wasn't some ancient monetary relic — it only emerged in 1821 when Britain pegged the pound to gold, with most industrialized nations hopping on board by the 1890s. It was abandoned during World War I because governments simply couldn't fund the war while maintaining gold convertibility.Today's global economy is roughly $115 trillion, while all the gold ever mined is worth about $28.5 trillion — roughly a quarter of global GDP. This massive mismatch