If you look at the average length of a fiat currency, it's round 30 or forty years. So what would be something that would be longer last? How could we tether our monetary claims and keep track of things? I think inflation is kind of necessary if you had enough inflation to create a de jubilee tho deal with people. When i was in brazil during the hyper inflation, people lost trust in the currency,. so they introduced a newtr currency at two currencies at the same time - one with hyper inflation, one with on. That actually worked quite well, and it remains. The real remains the most stable currency, or the strongest currency in latin america.
Show Summary:
On this episode we meet with ecological economist and Professor in Community Development & Applied Economics and Public Administration, Josh Farley.
Money. What is it? Where does it come from? How is it created? How is it tethered to our biophysical balance sheet? What is on the horizon with our monetary system? How might we create and use money differently in the future during a source and sink contained system? Josh Farley explains it all - and explains how the links between money, energy, and the economy will become more central in our lives.
Click here to listen to Josh and Nate’s first conversation.
About Josh Farley:
Joshua Farley is an ecological economist and Professor in Community Development & Applied Economics and Public Administration at the University of Vermont. He is the President of the International Society for Ecological Economics.
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/29-josh-farley