Bitcoin & Markets
The Bitcoin Cantillon Effect - E378
Nov 28, 2023
Discussion of the current global financial system and its impending failure, exploring the relationship between debt, money printing, and inflation. Delving into the challenges of counting money supply, the purpose of quantitative easing, and a preview of a discussion on ETFs.
13:26
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Quick takeaways
- The current global economic system is facing a terminal problem due to insufficient growth and productivity, and alternative solutions like revaluing gold or utilizing Bitcoin may be necessary for stimulating the economy.
- Quantitative easing (QE) aims to fix the balance sheets of banks and encourage lending, but it is a credit-based system that differs from a sound money system backed by assets like Bitcoin.
Deep dives
The Future of the Global Economy and Money Printing
The podcast episode discusses the current state of the global economy and the concept of money printing. The host expresses his belief that the existing economic system is facing a terminal problem due to insufficient growth and productivity. He argues that while there is credit creation and inflation, it is not enough to stimulate growth. The host also explores alternative solutions such as revaluing gold or the role of Bitcoin in creating value and stimulating the economy. He emphasizes the importance of understanding the complexities of the money supply and suggests that the current scholarship in this area is progressing slowly.
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