Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
00:00
Why Do Banks Care?
If your cost of production is near zero whele, then my ncentovis to just produce it and acquire something whose cost ofproduction is higher than zero. So then you have countries basely debasing. To day, we have countries debasing in unison, more or less. But if anyone debases too quickly, they get called out, right? You know, hat one country will accuse another country of depreciating the currency to stimulate a nat exports. And so it's just silly that the heart of this whole thing is this manipulation of the market mechanic," he says.
Transcript
Play full episode
