In two thousand nine and in 20 20, the treasury and federal reserve came in and printed bazokas worth of stimulus and guarantees. But at some point in the future, when we have all this vast amount of paper and electronic claim s on reality, and we start to call those in on real reality, there really is a musical chair situation. And i think it's because it's happened twice now, ind two thousand 9 and two thousand 20, and no big deal. But i think this is central to our future. It actually triggered one of the biggest increases in inequality I've ever seen.
Show Summary:
On this episode we meet with ecological economist and Professor in Community Development & Applied Economics and Public Administration, Josh Farley.
Money. What is it? Where does it come from? How is it created? How is it tethered to our biophysical balance sheet? What is on the horizon with our monetary system? How might we create and use money differently in the future during a source and sink contained system? Josh Farley explains it all - and explains how the links between money, energy, and the economy will become more central in our lives.
Click here to listen to Josh and Nate’s first conversation.
About Josh Farley:
Joshua Farley is an ecological economist and Professor in Community Development & Applied Economics and Public Administration at the University of Vermont. He is the President of the International Society for Ecological Economics.
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/29-josh-farley