When Money Dies, 100 Years Later
Yes, it can happen here. Only a fool thinks otherwise.
Yes, it can happen here. Only a fool thinks otherwise.
Ryan McMaken joins the show to discuss Adam Fergusson's seminal history of Weimar-era hyperinflation in Germany.
Even when an economic bust appears, there may still be enough real savings in the economy to quickly put the economy back on track. This is what brings economic recovery, not artificial "stimulus."
A deflationary policy is just another type of intervention and in this sense it sets in motion a different form of the misallocation of resources.
No, “societal” value is not what you want or think is good, and “we” are not a homogenous entity of observable, aggregated preferences.
No, “societal” value is not what you want or think is good, and “we” are not a homogenous entity of observable, aggregated preferences.
Even when an economic bust appears, there may still be enough real savings in the economy to quickly put the economy back on track. This is what brings economic recovery, not artificial "stimulus."
A free market in money means real freedom to choose what money we use. This may mean people turn to gold and silver. Or they may turn to crypto. What's important is that it's market-based money.
Even if the central bank were to be successful in preventing the fall of the money stock, this would not be able to prevent a depression if the pool of real savings is declining.
A free market in money means real freedom to choose what money we use. This may mean people turn to gold and silver. Or they may turn to crypto. What's important is that it's market-based money.