PBD Podcast The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
Jun 2, 2022
In this discussion, Richard Werner, a renowned economist and professor, delves into Japan's financial history and the implications of quantitative easing. He shares insights on the need for accountability in banking and critiques traditional economic theories. The conversation also addresses the controversial roles of Bitcoin and gold in today's economy, outlining concerns over crypto regulation. Additionally, Werner reflects on the burdens of student debt and advocates for a more equitable financial system, highlighting the necessity for local banking reforms.
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Germany vs. UK Productivity
- Richard Werner contrasts Germany's high productivity and exports with the UK's struggles.
- He attributes this difference to Germany's robust network of local community banks supporting small businesses.
Importance of Small Firms
- Small firms drive global employment and are key to economic success.
- Access to quick financing for technology upgrades is crucial for their competitiveness.
German Banking System
- In Germany, small firms easily secure loans from local banks for tech upgrades.
- These banks know the businesses well, enabling fast decisions and maintaining competitiveness.
