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The Beauty of The Gold Standard | The Twilight of Gold Series | Episode 5 (WiM150)
The "What is Money?" Show
Is There a Self Balancing?
The rise of prices has three consequences. First, it makes everyone else want to borrow money because prices are going up. Secondly, it is an effectual demand for the increased price of a railway stock. And thirdly, if that value increases, e amount of the usual loan to be obtained on them increases too. In this way, therefore an artificial reduction in the value of money, meaning creating new loans, creating money.
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