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The Problems with Price Inflation | The Twilight of Gold Series | Episode 11 (WiM182)
The "What is Money?" Show
The Gold Standard, the International Credit System
The gold standard required global peace to function. But in itevised war, as we touched on last time, the am london had been through panics before. They sort of had a play book for panic, which is to lend freely at high interest rates. And so here we are back again where defs did. Deficit financing was a thing in europe before. This introduced ama ive new wrinkle.
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