
When Coincupia starts to allow loans and bank notes
Debunking Economics - the podcast
Economic Dynamics in Coinucopia
This chapter explores monetary policy and inflation through the lens of a fictional island called Coinucopia, critiquing established economic theories by Friedman and Schumpeter. It examines the implications of a static money supply on investment, growth, and consumer demand, particularly in the context of innovation. The discussion highlights the intricate relationship between money creation, inflation, and real economic activity, underscoring how these elements interact within a dynamic economy.
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