The Market Chosen the Way It Is

The market chose the way it is. And I'm not saying if that's good or bad, but if you trace back how we got here, after World War II, we went on Bretton Woods and we were on a gold standard. But they wanted credit because let's say your country, country X, you want loans because you want to provide these things for your people. Once you do that, the next use is less productive. We don't have similar breakthroughs that we had in the 20th century. And we probably won't. So no, the people, the market chose a money that was highly elastic and could expand with credit. That's what drove us to 1971