1min chapter

The "What is Money?" Show cover image

The Ultimate Macro Framework with Raoul Pal (WiM078)

The "What is Money?" Show

CHAPTER

The Austrian Approach Is, Let It All Fucking Burn

Fiscal stimulus does put money in the hands of poorer people, but you debase the currency ri so their assets go up as they don't get anywhere. It's ok if you do it for living improvements like health care, because that's a, that's probably a net benefit. You probably don't mind being slightly poorer in the future, but healthier. That's an ok trade off. The austrian approach is, let it all fucking burn. Well, it's way too you know, you everybody's an austran economist, until it happens to you. A haha. I'm a business cycle guy. I get it, we lost that train left the station in 19

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