Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
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The Gold Standard and Its Importance to the Economy
The credit self is instrumental, then, to the dispersion of risk into the economy. It enables us to do larger scale, more roundabout production processes. Ecause we can, we can spread the risk more evenly among more economic actors. And you can also more deeply fractionate the equity interest to a so this is just, i mean, these instruments allow thethe economy to boot strap itself to its current mode of global sophistication.
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