
230: The Gold Standard
Classical Stuff You Should Know
00:00
The Importance of Gold in the Economy
Gold has a counterfeit problem that needs to be solved. The only thing that would have gold lose its purchasing power is if you find a lot of it all at once. It's probably, and now it is incredibly difficult to do massive endeavors in a gold system. If you want to build a giant, I don't know, anything, a castle, if you want to fund a massive war, it's actually quite a logistical undertaking with gold.
Transcript
Play full episode