Intricacies of The Gold Standard | The Twilight of Gold Series | Episode 6 (WiM153)

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Lester's Twitter: https://twitter.com/ProgrammableTx

BOOK
The Twilight of Gold: https://archive.org/details/twilightofgold190000paly/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Summarizing the Intricacies of the Gold Standard
00:05:48 Interest Rate Manipulation and the “Race to Debase”
00:09:53 Monetary Manipulation and the Inevitability of Balance of Trade Breakdowns
00:15:11 The US Dollar Hegemony and the Evisceration of its Domestic Industrial Economy
00:19:32 When Money is Sound, Economic Organization is Largely Apolitical
00:22:53 The Inflexibility of the Gold Standard Gave Banks the Freedom to Operate Sustainably
00:27:06 Is the Prevalence of Debt is Inverse to the Portability of Money?
00:32:06 Commercial Debt as a “Tokenization” of the Delivery of Products and Services
00:34:57 World War 1 as an Accelerant to the Politicization of Money
00:40:16 NYDIG
00:41:24 A Radical Shift in Schelling Points from a Gold to a Fiat Standard
00:46:17 The Modern Specter of Both Inflation and Deflation…
00:49:49 Exploring an Inflection Point from an Old to a New Monetary System
00:56:00 How a Market for Borrowing Will Emerge on a Bitcoin Standard…
01:02:07 The Advantage of a Liquid Money Market
01:07:22 Saved Capital is a Narrower Limit on Production than Knowledge and Technology
01:10:45 “What is Money?” Outro

SOCIAL
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WRITTEN WORK
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