My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.

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GUEST
Lester's Twitter: https://twitter.com/ProgrammableTx

BOOK
The Twilight of Gold: https://www.abebooks.com/first-edition/Twilight-Gold-1914-1936-Myths-Realities-Palyi/30927065697/bd

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 Introduction to “The Twilight of Gold”
00:02:05 What is Money? It’s an Antivalue
00:08:59 Gold as the Governor of Government
00:12:16 Studying the Gold Standard as a Prism through which to See the Future
00:18:17 The Importance of the International Gold Standard to Humanity…
00:22:12 …The Closest the World has ever been to a Pure Laissez-Faire Economy
00:24:30 NYDIG
00:25:38 The Gold Standard as a Non-Legislated Fount of Freedom
00:29:21 Background on the Author: Melchior Palyi
00:32:11 The Author was Warning Us About the Gathering Forces of Inflation
00:34:33 Fiat Currency Inflation: The Recurrent Self-Deception of Humanity
00:36:29 Imagining Inflation as a “Magic Syringe”
00:40:28 The Explosion of Zombie Mythology After Abolishing the Gold Standard
00:44:11 Financing World War 1 with the “Magic Fiat Syringe”
00:45:53 The Only 4 Ways Public Debt Can Be Paid…
00:49:47 Inflations Build on Themselves Exponentially
00:51:33 Reservoirs and Psychological Triggers of Inflation

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