Description:What is the essence of money? Is it a store of value? Is it a medium of exchange? Should it be both, or should they be separated? Join us this week on The Corbett Report as we explore the history of William Jennings Bryan and the Populists, The Wizard of Oz, and the real nature of money.
Documentation
Documentation - The Secret of Oz
Time Reference:
17:41
Description:
An extremely important documentary on the nature of money and the real economic history of the world.
I found this episode very interesting (just like the other episodes). I was surprised to hear about a shortage of money that caused problems in the US during the late 19th century. After reading Rothbard, if I remember correctly, I’ve been thinking that the amount of money in circulation is not a problem, because people adjust prices to match. As is the case with Bitcoin: there is a finite amount, and the price varies according to demand. I’ll appreciate any repies, I’d like to know if I’m mistaken in thinking this.
I found this episode very interesting (just like the other episodes). I was surprised to hear about a shortage of money that caused problems in the US during the late 19th century. After reading Rothbard, if I remember correctly, I’ve been thinking that the amount of money in circulation is not a problem, because people adjust prices to match. As is the case with Bitcoin: there is a finite amount, and the price varies according to demand. I’ll appreciate any repies, I’d like to know if I’m mistaken in thinking this.