You’ve Been Lied to About the History of Money w/ Richard Werner (WiM576)
The "What is Money?" Show
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The Evolution of Money and Its Impact on Economy
This chapter explores the historical development of financial systems and the pivotal role of money creation in shaping social organization and wealth. It contrasts past practices, such as the Norman funding of infrastructure, with modern critiques of banking systems and government debt's impact on inequality. The discussion highlights the importance of intelligent capital allocation towards productive investments to drive economic growth while cautioning against the pitfalls of excessive credit and asset inflation.
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