Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
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Introduction
Welcome back to the wades money show. We're gong to be talking about the twilight of gold. And we left off last time e were reading through the conclusions of the cunleff report, which more or less explained the mechanics of the gold standard a at a very intricate level. A favorable export balance, by definition, attracts or increases money in circulation. Soht if you're exporting more than you're importing, money is coming into your country. An unfavorable trade balance causes a decrease in the money in circulation and so on.
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