Bitcoin and the Sanctity of 21M | The Twilight of Gold Series | Episode 2 (WiM130)
The "What is Money?" Show
00:00
Isaac Newton, Sorryno?
A, i think the other important point here is that there was this conscious decision, largely driven by isaac newton, for england to go on to a gold standard. The explosion of credit and credit instruments was like a natural offshoot as the first industrial revolution. And people who were really good at facilitating credit understood that there were credit pulses and there were credit drawdowns. That was part of the system. We just don't have that now. Housing prices, we're not allowed to experience what it would be like. But pay cuts are a fact of life. Whether you negotiate for a nominal pay cut or not, you're going to get a pay cut. It may
Transcript
Play full episode
