Crypto Voices
Crypto Voices
Matthew Mezinskis
PE31: Decoding Base Money - Gold in USA (XI)
38 minutes Posted Feb 23, 2023 at 8:01 pm.
Intro
Monetary base
Gold on Fed's balance sheet (Market value)
Gold on Fed's balance sheet (Native ounces)
Gold 'reserved' at market price
Gold 'reserved' at statutory price
Central banking, free banking, gold, no gold
0:00
38:22
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Show notes
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This is the thirty-first installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
Here is our second video covering outside money in the United States, also known as central bank money, or reserve money, or base money, or the monetary base. In this one we are comparing base money (a liability for the Fed), with it's historical gold reserves (an asset for the Fed). How important is the idea of a gold 'reserve?'
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