Is the Dollar finally on the way out? Money & Macro
"First it was the Dutch Gilder then the British pound and now the world is asking if the US dollar is next." - Dr. Joeri Schasfoort [00:00:00]
"The crux of it is that money had essentially gotten too easy. This encouraged over borrowing by both the provincial governments and the East India Company." - Dr. Joeri Schasfoort [00:04:15]
"How can a currency be worth anything at all if it's not backed by a precious metal? The answer is simple: The British pound was backed by the mighty British state..." - []
References
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