"We Don't Need Central Banks" w/ Richard Werner (WiM581)
The "What is Money?" Show
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The Evolution of Currency and Economic Theories
This chapter explores the historical origins of the dollar, tracing its roots to the Austrian 'tala' and the evolution of currency systems through ancient civilizations. It challenges conventional economic beliefs about the relationship between interest rates and economic growth, presenting evidence that suggests economic growth drives interest rates instead. Additionally, the chapter touches on the limitations of central banks and the impact of government regulation on banking practices, highlighting the complex dynamics of credit and economic policies.
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