The Error of Pricing Goods in Gold

Terms matter. There is a false understanding as t…

An episode of the The Blue Collar Economist Podcast podcast, hosted by Robert A. McKeown, titled "The Error of Pricing Goods in Gold" was published on March 30, 2019 and runs 9 minutes.

March 30, 2019 ·9m · The Blue Collar Economist Podcast

Summary

Terms matter. There is a false understanding as to how gold and silver commodity prices reflect values of current goods and services. Let us see how it is erroneous to simply use commodity prices as reflections of consumer prices in currency terms. https://thebluecollareconomist.com/2014/10/08/the-error-of-pricing-goods-in-gold/

Episode Description