Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard
Macro Musings with David Beckworth
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How a Gold Standard Works
Menger: Credit economies function when you know people well. When you move to bigger populations, more people, there's information issues,. There's trust issues, that's when money emerges. So you go from a setting where credit works to one where it doesn't work and therefore money emerges. And this is where you begin your comparisons of different monetary standards.
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