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The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
Is There a Limitation of What People Can Pay for the Price of Money?
There's a ceiling that the monastery systemr the economic system, can pay in s of price of money. We storically then, have decided, or depended upon currency elasticity to overcome this inferiority of the natural interest rate to mediate flows. The idea is that if we have ano socratic, enlightened philosopher, tech cratic geniuses who could stand there and say, oh, this is the ideal time to supply currency over here, because were geting dry. Using some kind of signal to do that. That was tht was, that was the original intent behind the fed,. which was essentially, look, the nineteenth century was great, but it was really,
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