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26min chapter
What the 1920s Can Tell Us About Money Today | The Twilight of Gold Series | Episode 17 (WiM413)
The "What is Money?" Show
The Myths of Central Banks and Price Stability
This chapter explores the myths surrounding central banks and their role in maintaining price stability. It discusses the concept of price and how it reflects problem-solving efforts, and challenges the idea of artificially maintaining prices. The chapter also addresses the misconception that gold caused the Great Depression and examines the relationship between credit expansion, productivity, and sustainability.
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Listen to the best highlights from the podcasts you love and dive into the full episode