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Ideological opponents discuss ideology by diving into books and articles looking for where they share common ground and where they don’t. Anarchism vs the State is on display as two fundamental opposites read through political theory, religious texts, and news articles.
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Thursday Mar 16, 2023
The Gold Standard Part 2: Price-Specie & Fractional Reserve Banking
Thursday Mar 16, 2023
Thursday Mar 16, 2023
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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