SLP198 Caitlin Long - What Are Austrian Economists Missing About Money And Banking?
Stephan Livera Podcast
00:00
Privately Created Money
Calen: I think the autrians would not have misunderstood this as much had murray rothbard still been alive, because i think he would have written a sequel to the mystery of banking. The privately created money comes from the private financial sector, or so a as we know thtt. Calen: It basically created the illusion of some free lunch. And that didn't cause an increase in c p i.
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