Episodes
7 days ago
When gold caused inflation
7 days ago
7 days ago
In this episode – the week ending 25 January 1925 – once again it’s the gold standard. The Times’s City Editor looks back at how Britain went off gold at the outbreak of the First World War and how the standard might be restored. There is also some pause for those – like me – who think that gold is the cure for the inflationary disease. Otherwise, can monopolies really exist in a free market? Twickenham provides a test case and what can North London do to counter the invasion at 9 p.m. every Sunday? In the headlines, it’s bad news for Trotsky, Croatian politicians and daylight in the day time.
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