The Gold Standard
![Audio Mises Daily](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=HX5j0Mze 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=7si7BCUy 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=xLspfHof 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=yGSOJ_DF 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/Mises%20Daily_20140821_0.jpg.webp?itok=JPh5-XGS 1530w)
The attempts to create a double standard of gold and silver failed lamentably. It was this failure that generated the gold standard — a manifestation of a crushing defeat of the governments and their cherished doctrines, writes Ludwig von Mises (1881–1973).
This audio Mises Daily is narrated by Jeff Riggenbach.