Liquidity and Debt Structures | The Twilight of Gold Series | Episode 7 (WiM158)
The "What is Money?" Show
00:00
The Safety Net in a Panic?
The bank's job isn't to bail everyone out. Their job is to make sure that the people who set some money aside can get that money. And maybe also, their job is to lend free, freely at high interest rates,. That was the prescription under the gold standers. It sounds so foreign to our ears. I don't know if it would work.
Transcript
Play full episode
