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Uncovering the Truth of the 2008 GFC | The Snider Series | Episode 4 (WiM097)
The "What is Money?" Show
Money Is All About Trust
The further out into the urea dollar system, the more opaque and counterparty risk ridden it becomes. So there's a shortage of you can't price the money high enough to get people to lend, cause there's more risk. Effectively, right omster closer to these big bracket business balance sheets, it's they're much more credit worthy and a defined counterparties. And that's negative elasticity in another right. Becausehe economy, the financial system, requires risk taking where there shouldn't be such a difference between the best quality and the worst quality.
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