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The Beauty of The Gold Standard | The Twilight of Gold Series | Episode 5 (WiM150)
The "What is Money?" Show
What Is the Interust Rate Tool?
There's one economy in the world, and it's international. There isn't a domesticnd. The concept of your local country's economy as separate from the rest of the world is an outgrowth of these feot moneys competing against each other. I feel like it's worth getting into the really fine points of like, well, how how did this work? Li we talk about gold was a commitment mechanism, but there was money that existed on top of it. It's something even deeper than money, in a way, because it is an institution in and unto itself.
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