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The "What is Money?" Show
Central Banking is a Confidence Game | The Snider Series | Episode 6 (WiM106)
Jan 8, 2022
49:06
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Quick takeaways
- Central bankers fail to learn from past mistakes, using ineffective approaches like bank reserves and quantitative easing.
- Central banks deceive and manipulate by relying on expectations-based policies, suppressing real economic growth and fueling wealth disparity.
Deep dives
The Lack of Learnings from Previous Crises
Despite experiencing multiple periods of dollar shortages and liquidity crises, central bankers have not learned from past mistakes. They fail to recognize that their current approach of using bank reserves and quantitative easing (QE) does not effectively address the underlying issues.
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