Steve Forbes on Money: How the Destruction of the Dollar Threatens the Global Economy
Several years ago, I interviewed my friend Steve Forbes about his book Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It. In that interview he anticipated many of the problems that we see cropping up right now, so we’re pulling this interview out of the vault and publishing it for you here. We will also follow up shortly with a brand new interview with Steve to bring this discussion up to date and let him share what he’s seeing right now.
0:00 – Intro
1:09 – Money: How the Destruction of the Dollar Threatens the Global Economy –
and What We Can Do About It
4:15 – America after the 2008 Recession
7:30 – Can the US switch back to a gold standard?
13:22 – Asian currency crises were avoidable with better knowledge
20:44 – Different kinds of gold standard and the problem with the ones that didn’t work well
26:19 – Will we need a currency crisis to create the will to fix money?
28:15 – Nixon and Burns, why they ended gold standard, but didn’t need to
31:58 – WWI and the gold standard
36:09 – Gold price changes mean the dollar, not gold, instability
40:53 – Why the British gold standard didn’t work Churchill was overruled.
44:48 – How going off gold promoted income inequality.
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