
Episode 230: The Words and Numbers Trio Pt. 2
Words & Numbers
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Can Cryptocurrency Solve the Problem of Wealthy People Who Want to Leave a Country?
The other thing that could mean that a financial crisis, sort of strictly understood as financial, could really affect the ability to produce goods and services, is inflation. If the response to all this debt is, well, we're just going to have to print money and pay it off with new money, then you get bad inflation. So much of the decline in GDP was people just sitting back and say, I can't plan for the future. And so the meaningfulness of relative prices get screwed up.
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