5min chapter

The "What is Money?" Show cover image

Predator-Prey Economics with Oswaldo Lairet (WiM217)

The "What is Money?" Show

CHAPTER

Energy Is the Most Important Commodity in the World

Oil is what made the dollar what it is. The reason why the dollar could abandon the gold standard so easily in 19 36, and even prohibit e people from holding i in 33,. And then eventually getting rid ofof the peg inteen teventy one. What's going to happen here is that whoever comes to that table now and changes the game on his own has got to be a huge energy player. Nobody else can survive.

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