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Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
Why Would You Ever Restrain Credit?
An abundance of borrowing raises prices. Prices being raised means you have to borrow more to meet prices, if you're running a business. And then the bank has to balance the total number of credit against a fixed money supply. Once you remove the scarcity of money, all you have left is politics, right? That's the only that then it's like, why would you ever restrain credit?
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