AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
The Beauty of The Gold Standard | The Twilight of Gold Series | Episode 5 (WiM150)
The "What is Money?" Show
Is Fiot Currency Convertible to Bit Coin?
Cunliff: Forced deflation will solve, it'll solve thu. It'll solve the convertibility, and it might solve your trade and balance as well. Under the gold standard regimeminuni sort of already covere this, but i just want to repeat, they offer interest payments by borrowing money from around the world. But then those debts, which they're offering in tha higher interest rates, they're redeemable in gold. So ya high strates attracts more gold. Only the tr only. You can only finance that interest cost with a trade surplus. If you have a trade deficit, there will at some point be a squeeze, right?
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode