The "What is Money?" Show cover image

An Examination of Central Banking with Joseph Wang (WiM234)

The "What is Money?" Show

00:00

The Gold Standard

The gold standard was a way to instill confidence that the government wouldn't mis-match it completely. The dollar was once redeemable for gold, which is what gave it its original network effect of money. But as I think we're seeing now, they just, you know, maybe are not as credible as they used to be. And so are kind of spending a lot more and creating a lot more money than is prudent.

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