3min chapter

The "What is Money?" Show cover image

Interest Rates and the Nature of Profit | The Twilight of Gold Series | Episode 12 (WiM186)

The "What is Money?" Show

CHAPTER

The State of Central Banking After World War One

Pale: Bigger outfits tend to get the money sooner, so they're in an advantageous position relative to smaller businesses. He says monetary policy ceased to be a purely financial or tech matter dependent on automatic processes. Instead, it became a prime objective of politics, subject to arbitrariness.

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