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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Keynesian Economics and the Government
The conventional wisdom is that inflation is good in moderating integration, as it encourages spending. But too much is bad because it completely devalues, destroys people's savings. So a little bit of inflation is good to stimulate spending and I suppose this is one of the things that's supported by Keynesian economics. Why is that wrong? Just try and find an endless array of explanations to explain why inflation is a good thing.
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