Interest Rates and the Nature of Profit | The Twilight of Gold Series | Episode 12 (WiM186)
The "What is Money?" Show
00:00
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.
Play episode from 01:12:33
Transcript
