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Base Money and Free Markets | The Snider Series | Episode 7 (WiM109)
The "What is Money?" Show
Is Your Bankruptcy a Bankrupt?
The optimal balance is between full convertibility and really just no regulation on elasticity, right? Print as much money as you want, inter and exit the market if you go bankrupt, and so be it. Right? Then you've educated the market in the process. A so that is u limynotes ar. Your dumb ideas are expunged, and we move os without you,. And you're not a drag on the efficiency of the system. That's their argument. But what ends up happening is these failures of currency elasticity, private or whatever, they tend to congregate and aggregate together into these crisis periods. So we have all these private functions of currency, providing elastic
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