The Beauty of The Gold Standard | The Twilight of Gold Series | Episode 5 (WiM150)
The "What is Money?" Show
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The Bank of England Does Not Manage, Can Even Be Say to Manage the Currency Anymore
For more than 50 years, from 17 93 down to 18 forty four, there was a keen controversy as to the public duties of the bank. By that act, the currency manages itself. The entire working is automatic. Now the quoti is over, but this craving for automaticity is so deep and has been tried so admirably. I mean, he writes that the bank of england does not manage, cannot even be said to manage the currency any more. It's staggering.
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