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SLP71 Stephan Livera - Intro to Bitcoin Austrian thought

Stephan Livera Podcast

CHAPTER

The Ethics of Money Production

The amount of credit extended to people, to entrepreneurs in the economy beyond the amount voluntarily saved is what drives that boom and bust cycle. And so it all comes back to that point that they're making, which is always look for that expansion of credit. So I'm not going to go too much more into depth on that; you can do entire episodes on that.

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