"Don't Fight The Fed" | The Snider Series | Episode 3 (WiM093)
The "What is Money?" Show
00:00
The Elastic Currency System
We've always kind of been stuck with thi problem as human beings, between the need to make transactions really cheap and easy. Is it better to have an inelastic system, where some of these excesses don't happen, but we take a lot off of economic growth? Or do we like the elastic system, or this perfectly elastic system, where we also get the acid bubbles and balances and excesses that go along with it? And i think, you knowi it doesn't have to be in either or, but that's essentially the two parts of the debate that go back in, y know, sound money, sound money debate that goes back for a very, very long
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