When Coincupia starts to allow loans and bank notes

Jan 8, 2025

Discover the economic trials of Coinucopia, an island grappling with limited gold coins leading to sluggish growth. As new banking policies emerge, including loans and bank notes, the debate on the relationship between money creation and inflation heats up. Challenging Milton Friedman's theories, the hosts explore how innovation impacts consumer demand and production. They delve into the complexities of banking practices, questioning traditional narratives about debt and money creation, and envision the future of banking on the island.

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Intro

00:00 • 2min

Economic Dynamics in Coinucopia

01:41 • 18min

Innovation and Economic Dynamics in Capitalism

19:12 • 2min

Analyzing a New Banking Policy's Implications

21:01 • 4min

Understanding Money Creation in Coincupia

25:00 • 19min

Banking Dynamics and Misconceptions of Debt on the Island

44:13 • 2min

Future Banking Prospects and Population Predictions in Cointopia

46:21 • 3min

Debt: The Unauthorised Biography

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Felix Martin

Felix Martin's "Debt: The Unauthorised Biography" provides a compelling narrative of debt's evolution, from ancient civilizations to modern financial systems. The book explores the complex relationship between debt, power, and economic growth. Martin's analysis offers insights into the role of debt in shaping global financial markets and its impact on economic stability. He examines the historical context of debt crises and the challenges of managing debt in a globalized world. The book is a valuable resource for understanding the intricacies of debt and its profound influence on the global economy.

Double entry

Jane Gleeson-White

Jane Gleeson-White's "Double Entry" delves into the fascinating history of double-entry bookkeeping, a fundamental accounting method that has shaped the world of finance. The book traces the evolution of this system from its origins in medieval Italy to its widespread adoption globally. Gleeson-White explores the impact of double-entry bookkeeping on the development of banking, commerce, and the modern financial system. She highlights the system's role in facilitating trust and transparency in financial transactions. The book is a valuable resource for anyone interested in the history of accounting and its profound influence on the global economy.

Debt

The First 5,000 Years

David Graeber

In this book, David Graeber argues that debt has a much longer history than money and that it has played a central role in shaping human societies. He debunks the myth of barter as the precursor to money, instead proposing that credit systems and debt were the primary means of trade. Graeber examines how debt has been used as a tool for social control, influenced law, religion, and politics, and has led to periodic crises and debtor revolts throughout history. The book also discusses the moral and social implications of debt, suggesting that the concept of debt is more complex than a simple economic transaction[1][2][4].