Watch the full 22-minute video at: http://www.goldmoney.com/juan-castaneda-macleod
. Juan Castañeda, Senior Lecturer at UNED, talks to Alasdair Macleod, of the GoldMoney Foundation, about the economy and the dangers of monetary stimulus. They explain that at the root of our current problems is unsound money.
Under sound money system there is some kind of objective rule that serves as a guarantee of what money is, that enforces the Rule of Law in economic matters. Prof. Castañeda believes that the US has the largest problem, given the recent monetary expansion.
This interview was recorded on November 15th 2011 in Madrid.