SLP51 Dr Guido Hülsmann - Austrian Monetary Economics & Bitcoin
Stephan Livera Podcast
00:00
The Advantages and Disadvantages of the Gold Standard
The classical gold standard lasted from the 1870s through to I think kind of early 1900s. It was not a you know free market in money and yet that was a time period where sort of most Austrians would say well at least the money was it was a little bit better than it was better than before yeah. The ironic thing is that precisely for the for the reasons that are currently praised in the current monetary system namely that we have a money type of money that can be multiplied at will this is the biggest disadvantage right.
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