WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
00:00
Is Gold a Discipline?
The bank of england was the first central bank to insert debt as base layer money alongside gold. Ri: When you remove that optionality, you make the whole thing less stable well. The disciplinary constraint is just what central bankers are willing to do in they're own conferences like when their own chat's like, what they're willing to to do. That's the only constraint that t have.
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