Glenn Seaborg, Chairman, Goldman discussed on Fresh Air - America's Obsession With Gold

Automatic TRANSCRIPT

And there's more yes the third component was let's make gold out of base metals it sounds like a joke but actually you can do it it it has been done glenn seaborg who was the chairman of the aci actually did it a few years later after operation goldman had been kind of quietly shut down you can take something like biz myth in very very thin foil and and bombarded with a proton beamed displaced the electrons and what's leftover is gold however seaboard calculated that to create golden this method would cost approximately one quadrille ian dollars per house uh and so as a as a economically viable system it it didn't work but again the shows the desperation of a high highplaced officials i mean this this was approved by the president this was of this was driven jutta treasury secretary jitters lbj eugene rosto as his a esteemed uh a undersecretary of treasury who who later was the dean of yet lost school these were highly respectable powerful people who were driven to what seems today kind of bike madness because of the cintra centrality of gold to the international monetary system we're speaking with james ledbetter he is the editor of inc magazine his new book about gold and its impact on us history culture and monetary policy is called one nation under gold we'll continue our conversation after the break this is fresh air hate it skyros here if you love this podcast you might also love the ted radio our it's a show about what it means to be a human we grieve we experienced joy sadness love and jealousy we could be cruel and empathize ache we have the capacity to imagine the future and the past and at a time when it seems were so divided the ted radio our explores what makes us unique among all species find it on apple podcasts the npr one app or however you get your pat guests this is fresher if you're just joining us we're speaking with james ledbetter he is the editor of inc magazine his new book is one nation under gold one precious metal has dominated the american imagination for four centuries.

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