
The Paradox of Prudence
The David McWilliams Podcast
00:00
The Element of Money
When I went to Canada as a kid, the reason I went was because we had no money. The reason Canada was working is they had loads of money. And what I have done, maybe since then, but as I've grown older, I've begun to see money much more as this exciting, almost elemental force in people's lives. We now have it and we're putting it in the ground. Yes. We have it. It can fix things. It can animate human imagination. It can change the world. Just save it. Now, what does saving do? If the savings in the banking system are used straight away by entrepreneurs to go and finance great things, that's fine
Transcript
Play full episode