The Hidden Cost of Money with Sebastian Bunney (WiM472)
The "What is Money?" Show
The Consequences of Debt and Monetary Intervention
This chapter delves into the repercussions of printing money without increasing goods or services, likening it to a stimulant that boosts the economy but causes capital misallocation and future recessions. It discusses the diminishing returns over the past 50 years, the impact of borrowed dollars on GDP, and the potential threshold where more debt becomes detrimental. The narrative explores how monetary intervention distorts decision-making processes, distorts consumer preferences, and shifts the focus from supply and demand to coercion in the creation of goods and capital.
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