If you were benevolent dictator and had no personal status, risk or danger from doing so, what would be the one thing you would implement regarding money, or advertising, or our system to help our future? What i would actually do is essentially create a national bank that functions like a conventional bank. And remove all support for the private banks. So we would, you know, right now we need a financial sector. When they do stupid things, they know they'll be bailed out. If you took away the guarantee that they would b bailed out, first of all, they wouldn't do stupid things. Second of all, people would be much less confident about investing in private banks,. where it
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