The Gold Standard Part 2: Price-Specie & Fractional Reserve Banking
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The Gold Standard Part 2: Price-Specie & Fractional Reserve Banking
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About this listen
Episode air date: March 16th 2023
Episode 2 of The Gold Standard Series
Following along with this article from Philosophical Economics we will be diving into how the Gold Standard works as an easy crash course in what it is, how it functions, and clear up any misconceptions.
This week we will discuss Hume's Price-Specie flow mechanism, the pitfalls in the assumption, and how it is a poor theory for the gold standard. We also discuss what fractional reserve free banking is and liberty theory surrounding it
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