86. Layered Money with Nik Bhatia
The Bitcoin Standard Podcast
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The Great Depression and World War One
By the end of world war one, there was enormous price inflation in england. And then all the problems of the 19 twenties and thirties, which later led to world wor too, came from the fact that britain and many other governments also were in the same position. They could not go back to the gold standard at the old ratee because they'd already made so much more liabilities than they could do on their own. So this was really the root of the great sion all over the world, was the inflation that was used to pay for world war one.
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