Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
00:00
The Gold Standard Is a Gold Standard
Under t arrangements, this country was provided with a complete and effective gold standard. The essence of such a standard is that notes must always stand at absolute parody with gold coins of equivalent face value. Once someone can get on the other side of that where they are actually making the rules of the game, that's the power to win in perpetuity. But when the rules are fixed and nobody can change them, then evons is going to play by the rules, right? Ya.
Transcript
Play full episode
