[johnrgrace]

There is nothing in these theories.

If you want good information you don't go to youtube videos. There is a huge crossover between gold standard videos and a lot of other fringe and hate group ideas so I'd really suggest you don't watch them.

Just the wiki article on the Gold standard is going to be much better https://en.wikipedia.org/wiki/Gold_standard

If you really want to understand read any editions of economics by samuelson from after 1980 that textbook has been in print and updated since 1948.

[boppo1]

I'm not a gold-bug, but LIRP & ZIRP have been catastrophic for the economy. Theranos, Crypto, WeWork, Housing bubble, "big tech" i.e. advertising, Meta and it's 'verse', ridiculous VC ESG greenwashing, the list goes on. Meanwhile companies delivering value now have had to compete with these "growth" companies for capital, so they've gotta shrink margins for higher returns.

I agree most of these 'documentaries' are bunk, but there are legitimate criticisms of CB policy and the mainstream macroeconomics that advocate interest rate intervention. An equilibrium interest rate and its predictable boom-bust cycle honestly seems preferable to what we have now. You watch bloomberg and it seems like everyone and everything hangs on the next rate decision as if we were in a centrally planned economy. Wait a minute...

What I really want to know is how Greenspan went from writing 'Gold and Economic Freedom' to playing fast and loose with easy money.