86. Layered Money with Nik Bhatia
The Bitcoin Standard Podcast
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The Bank of England, What They Did in Order to Financing the War
The bank of england, what they did in order to finance the war was, and this is astonishing, they got the er, i think it was the, i forget his title, some high ranking official. They got them to buy the two thirds of the bonds, which is an enormous amount. You nere talking about something like 260 million pounds back in 19 14 - that's an enormous amount of money. Soi maybe want to multiply by 300 in order to get to day's quantities, or maybe much more. Ah, but they got them to buying it under their own name, even though the money had come from the bankof england. And that's how they financed
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