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6min chapter
What the 1920s Can Tell Us About Money Today | The Twilight of Gold Series | Episode 17 (WiM413)
The "What is Money?" Show
The Vulnerability of Reserve Currencies and the Liability of Financialization
This chapter explores the historical vulnerabilities of reserve currencies, focusing on the similarities between England's position in the early 1900s and the current situation of the US dollar. It discusses the impact of financialization and the concentration of wealth, as well as the resulting political and institutional challenges.
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