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21min chapter
Fix the Money, Fix the World with Lawrence Lepard (WiM469)
The "What is Money?" Show
Challenging Keynesian Economics and Questioning Monetary Systems
The chapter critiques Keynesian economics for its emphasis on perpetual growth through debt, advocating for efficiency and productivity improvements instead. It delves into the negative effects of manipulating interest rates to zero, leading to malinvestment and bubbles in the economy. The conversation also explores the intrinsic flaws of current monetary systems, discussing the disconnect between debt, money creation, and inflation calculations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode