Teoría liquidez: errores dilema de Triffin

What did Robert Triffin do wrong when he stated the famous Triffin dilemma? I'll use the criticisms of Triffin's dilemma to explain in detail the theory of liquidity and the qualitative theory of money (contrasting it with the quantitative theory). Specifically, we'll explore everything from Menger's liquidity theory to the theory of real bills. We'll see how the private financial system can provide means of payment that complement the dollars created by the Federal Reserve (through private credit creation). We'll examine the functioning of commercial banking and how it mediates in the money market (vs. investment banking and capital market intermediation). We'll examine the difference between consumer goods and capital goods and the importance of this distinction for the credit system and the monetary system. We'll see that the Fed's weakness during the Bretton Woods system stemmed primarily from the monetization of public debt (caused by the Vietnam War). This is the third video in a trilogy about the Triffin Dilemma. In the first video, we explain the basic workings of the Bretton Woods system:    • Sistema Bretton Woods (1944-1971): patrón ...   In the second video, we explain the Triffin Dilemma and the insights and predictions of the famous economist Robert Triffin:    • Dilema de Triffin: el economista que predi...   If you liked the content, want to contribute to my continued video creation, and want to suggest topics for new videos, I suggest you become my Patreon:   / danifernandezeconomia