AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
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.