The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
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Is Elasticity Preferable?
i think elasticity could work more of a free market model versus essentially planned model. There are no hard and fast rules we can come up with that says this is when we need somebody to create some currency and introduce it into the market place. i do somewhat agree with you here that, like when we saw free banking in scotland, i forget it was the sixteenth, seventeenth century.
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