5min chapter

The "What is Money?" Show cover image

A Monetary Prism | The Twilight of Gold Series | Episode 1 (WiM125)

The "What is Money?" Show

CHAPTER

The Gold Standard, by Ferdinand Lips

The gold standard was a restriction, ultimately, a restriction to their growth. Writets like the this particular industry were restrained by gold. And that explains a lot of the twentieth century development of central banking,. The disparagement of gold is part of how governments wrigte the monopoly on violence. It's kind of like one of the accepted pieces of wisdom from tts. That the 20th century went awry because the gold standard failed.

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