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Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)
The "What is Money?" Show
The Advantage of Having a Liquid Money Market
Lombard street is the most conspicuous instance of the power of lombard street. English trade is carried on upon borrowed capital, to an extent which few foreigners have an idea and none of our ancestors could have conceived. In modern english business, owing to the certainty of obtaining loans on discount of bills, or otherwise, at a moderate rate of interest, there is a steady bounty on trading with borrowed capital. This tist opens up a whole thread that that we're going to go on about the value of short term credit,. i just love that that sequence from ianint ro view with snyder about the valuable intermediary function of the credit market. And this is what got me
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