WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
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The Fed Retired Gold Effectively - The Fifth Chapter
In the roaring twenties, there was a swarm of money creation that occurred during the roaring twenties. This was antagonistic to gold's constraining function, its disciplinary function. There was more demand, more elasticity, more credit creation. And i guess it started to create the pressure to separate the dollar from gold in the long run.
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