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A Monetary Prism | The Twilight of Gold Series | Episode 1 (WiM125)
The "What is Money?" Show
Gold Was a Check on Government Growth, Right?
Gold was that check on government growth, right? Governments are always just like any other business. They're trying to increase revenues. If the government became coercive ore too irresponsible with monitary policy, gold would flow out of their country. So i think this is kind of a useful framing for what bit coin could become. Its like something like an actual law to which all governments are beholden and that none can break. You know, gold kind of approximately served this purpose, but bit coin, it seems, ah, could serve it much more adequately.
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