The Exorbitant Burden with Matthew C. Klein
The ACID Capitalist Podcast
00:00
The Gold Standard Is Not a Reserve Currency
"I've learned that nothing is permanent," he says. "The decay or the flow of the system revealed itself in the 1920s by two nations, which the game played the system." The U.S. and France were super competitive but prevented overheating in their economies through a sterilization of base money coming in. But they did not want to see it become hot money - what we call base money.
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