The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
00:00
Is the Gold on the Rise?
Authoritarian measures are very effective in the short andi, right? They don't enme? Yes, absolutely. It's a great enticement, an inducement, to get people to mobilize capital and labor quickly. Once that elasticity breaks down and you get into this deflationary trap, it leads to all sorts of, all these other problems that are so intense and hard to get out of. The answer is, we need to avoid ever getting into the deflationairy trap to begin with.
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