Money does not come into existence the way that's taught in economic text books. 95 % of our money comes into existence from commercial banks making a loan. And when they make the loan, they create the money. The io ua aset on the bank account went up by a million dollars. I agree with everything you just said. Si wan rea have and let you sotof, oh, well, that’s why then, naturally, a so one thing that we didn't get to in the first conversation that you a indirectly referenced here is how money comes into existance.
On this episode we meet with founding member of The Consilience Project, Daniel Schmachtenberger.
In the second of a four-part series, Nate and Daniel explore the relationship between energy, information, technology, the Superorganism, and the maximum power principle.
How can we maximize returns on agency? Nate and Daniel explain the importance of hyper agents: those humans who have an outsized influence on what’s happening in the world.
About Daniel Schmachtenberger:
Daniel Schmachtenberger is a founding member of The Consilience Project, aimed at improving public sensemaking and dialogue.
The throughline of his interests has to do with ways of improving the health and development of individuals and society, with a virtuous relationship between the two as a goal.
Towards these ends, he’s had particular interest in the topics of catastrophic and existential risk, civilization and institutional decay and collapse as well as progress, collective action problems, social organization theories, and the relevant domains in philosophy and science.
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/20-daniel-schmactenberger