Interest Rates and the Nature of Profit | The Twilight of Gold Series | Episode 12 (WiM186)
The "What is Money?" Show
00:00
Is There Money in the System?
This is totally inevitable. It's a universal human proclivity to pursue something for nothing. And could be good, could be bad. But when you try to get something for nothing that harms others, that's the real problem. We're dealing with this kind of arbi y a, i guess, chemical reality on this planethow how gold is. There's just economies of scale to centralize its custody and issue a paper receipt on top of it. This reminds me of i think it's a roth child quote that gold is money, everything else is credit. Yes, sao, money in the system. It's just, o no, there's no money in
Play episode from 01:15:59
Transcript
