The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
00:00
What Is Elasticity?
Elasticity is the idea that the monetary system should never be completely fixed or completely rigid. Elasticity is about matching money andlegitimate money demand, which can increase or decrease depending upon demand. So elasticitys really about maintaining a good balance between supply and demand. Of course, it makes it sound really easy, when in practice, it's incredibly difficult and almost impossible.
Transcript
Play full episode
