Conversations with Tyler: Ahamed on 1873, Gold, and the Politics of Deflation

About this episode

A slow financial shock can trigger decades of political upheaval—and Liaquat Ahamed explains why in this sharp conversation with Tyler Cowen. This summary distills the full Conversations with Tyler episode into a much shorter listen, turning a wide-ranging discussion into a quick take on the key ideas from Ahamed’s new book, 1873: The Rothschilds, the First Great Depression and the Making of the Modern World. Together, Cowen and Ahamed explore financial crises, the gold standard, bimetallism, imperialism, hyperinflation, the IMF, and Eurozone debt problems, while drawing lessons from 19th-century history that still matter for macroeconomics and current events. Listeners will learn why…