Chapter
The Limitations of Commodity Based System and the Importance of Hard Money
2:30:59 - 2:36:21 (05:22)
In this episode, the speakers discuss why commodity-based systems won't work, as well as the history of hard money, inflation, fiat, and war in the 20th and 21st centuries, concluding that the best money is the one that leaks the least; i.e., gold, which only leaks 1.5% per year.
Clips
This podcast episode discusses the limitations and shortcomings of Chinese-based, commodity-based, and gold-based systems that don't work as money today.
2:30:59 - 2:36:21 (05:22)
Money
Summary
This podcast episode discusses the limitations and shortcomings of Chinese-based, commodity-based, and gold-based systems that don't work as money today. The conversation revolves around the concept of hard money, fiat, inflation, and the history of money, and war in the 20th and 21st century.