Episode Air Date: March 22nd 2023

Follow us on twitter: https://twitter.com/FundiesPodcast

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.

Here we explore the the inherent instabilities in fractional reserve banking as well as how interest rates work under the gold standard. As a proponent of free markets and liberty, I want to show how the gold standard provides a stable and predictable monetary system that is superior to central bank FIAT currencies.

We discuss the mechanics of fractional reserve banking and how it can lead to inflation and economic instability. We will also explain how the gold standard creates a natural limit on government spending and encourages responsible fiscal policies. Furthermore, we will delve into the role of interest rates in a gold standard economy, how they are determined by the supply and demand for money from banks, and how they act as a natural mechanism for stabilizing the economy

We are not sponsored by anyone. However if you are committed to liberty and supporting good companies please check out:

Crowdhealth an insurance alternative

Sheath underwear for your cradling needs

Minds for a freer alternative to Twitter