A Monetary Prism | The Twilight of Gold Series | Episode 1 (WiM125)
The "What is Money?" Show
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The Journey Into the Bitcoin Rabbit Hole
Gold is one of the most a prominent analogies for bit coin. Everyone understands gold as valuable, like it's almost just you. But to really fathom its profundity, you end up deep in the past, looking at these historical analogies. The meaning of the gold standard cannot be appreciated in isolation from the institutional and psychological background that characterized the civilized world before 19 14. It was an industrial world of steady real growth at anver annual rate of about three % during the six decades before 19 14,. with rising living standards for the masses; security provided by the protection of savings.
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