79. Would Hard Money Fail in a Recession?
The Bitcoin Standard Podcast
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The Bank of England's Quantitative Easing Strategy
The bank of england essentially engaged in quantitative easing in 19 14 to finance the spending for the war. The treasury had issued bonds for the war, and they expected the british people to buy them up. But what they did was, since two thirds of the bonds weren't sold, the bank of England went and bought two-thirds of the bond issue. And that's what subsidized the war. Of course, that then led to inflation. And that that led to the bank ofEngland having to hoard the gold coins,. because they were running short on gold.
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