
How Banks Really Work - and Why They Fail
Financial Heresy
The Importance of a Fixed Money Supply
The price of everything has gone down because we have more of it. The money supply is going to stay the same, regardless of financial transactions that take place. There's no gold ore to dig out of the ground and mint into a coin. And unless somebody loses a coin, like berries it and forgets where they bury it or they throw it in the ocean then the money supply doesn't decrease either. It's important to recognize that nothing has changed yet in this financial system. It's still limited supply."
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.