AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Breakdown of the Gold Standard | The Twilight of Gold Series | Episode 10 (WiM178)
The "What is Money?" Show
What Is the Commitment Mechanism of Gold?
During the war, governments gave scant thought to the monetary aftermat. They conscripted the central banks into the service of their respective treasuries. Managing the national debt meant manipulating the capital markets in order to facilitate placing government bonds issued in unprecedented volume. This break with the most respected fiscal and monetary traditions came about suddenly. Laws limiting the extension of central bank credit through the moditization of government bonds were either cancelled or disregarded,. That's that's exactly what we're living through right now.
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