Post-2008 GFC: The Silent Depression | The Snider Series | Episode 5 (WiM102)
The "What is Money?" Show
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Is There a Resiliency to Government Monetary Interventions?
As productivity and the economic base has expanded as a result of technological innovation, has this given additional cover, or runway, to government monetary inventions? I'm wondering if that is a contributing factor to its a resiliency to date. We're missing both the money supply function as well as the redistribution intermediation function, which is exactly what you said. The banking system's broke it right? Right? Everybody. You know, essentially, as through any acid bubble in history, it just send it up creating uses for money, whether they were useful or not,. It got a got away ahead of itself. That's kind of what's missing.
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