5min chapter

The "What is Money?" Show cover image

Liquidity and Debt Structures | The Twilight of Gold Series | Episode 7 (WiM158)

The "What is Money?" Show

CHAPTER

The Effect of Maturation Construction on the Liquidity of the Credit Market

i want to talk more about how the credit market worked under the gold standard in london. That will shed so much light on what interest rates mean to day. Long credit durations, which is what we live in now, make a system more unstable. The problem with long duration loans is that they're incapable of taking the future state of the economy and factoring them in.

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