AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
Why Should We Rake Interest Rates?
If money is leaving your country, then you would expect the interest rate to go up. The fact that those two things don't compute is actually a sign that our current system is broken. When there's when you have a em when money's leaving the economy, it means that goods are cheaper elsewhere. And if you raise interest rates, it actually slows down economic activity domestically. But we've never had the political environment, of the political will to be able to pay that deflationary price to make us price competitive. It's largely because we have to get dollars out of the world, because of breton woods.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode