Malthus vs Free Market vs Credit Money - Daily Live 1/6/23 | E295
Bitcoin & Markets
00:00
The Credit Cycle Turns Super Abundance Into Overabundance
Gilder: Credit has an inertia of its own because you need to earn dollars to pay off your debt, right? This is the way the world is set up. The credit cycle takes it over and above and turns super abundance into overabundance. Every time population goes up by a percent these commodities become the price falls by 1%. And that's where we go back to Gensignment. He says, well, the explanation is straightforward. Innovation is what we really would allow us to escape poverty. But creativity does not appear to be finite.
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