SLP395 John Tamny - Inflation & Optimism
Stephan Livera Podcast
00:00
Are You Agreeing or Disagreeing With the Austrian Economic Argument?
"The idea that lending causes inflation is absurd," he says. Lending, as mesus said in the theory of money and cred, people borrow money for what it can be exchanged for. So to pretend that people just go to borrow money that's being valued, as the austrians presume, tabanks can just create money out of thin air,. It's beneath a great ideology, a great school of thinking."
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