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Saifedean: Why Capitalism is Good and We Don't Need Expanding Money Supply, a Preview of his New Book: Principles of Economics

Coin Stories

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The Importance of Understanding the Business Cycle

I saw a video on Twitter that parts of your book reminded me of where, you know, if more money solved the problem of poverty, then we could just print our way out of anything. I was hoping you could kind of break that down because we're seeing that the bad side of the business cycle start to play out. We still have so much liquidity in the system that I think it's still going to take time. It doesn't matter if you have a million dollars in your bank account. It matters what the million will buy you.

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