Robert Murphy - Myths About Money and the Dangers of Fiat Currencies
SBTV's latest guest is Robert Murphy, an economist and Senior Fellow at the Mises Institute, about what money is and is the US dollar really backed by the might of the US military? How feasible is a bimetallism Gold & Silver Standard?
Discussed in this interview:
02:02 The myths about money
06:46 What is money?
14:31 Gold Standard a check and balance on government
18:52 Bimetallism's link to Gresham's Law
23:51 US dollar is not a claim on the government
28:51 Consequences of the Nixon Shock
32:10 Mises' Gold Standard
42:13 Myth about money printing and prices
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