We Study Billionaires - The Investor’s Podcast Network

BTC160: The Hidden Cost of Money w/ Seb Bunney

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Dec 13, 2023

Join Seb Bunney, author of "The Hidden Cost of Money," as he unpacks the hidden societal impacts of our monetary systems. He delves into historical interventions that shaped today's finance and the hidden costs of monetary policies, including their effects on purchasing power and social cohesion. Bunney also discusses the 'Four Stages of Economic Ruin' and connects economic instability to mental health issues, urging a shift toward more sustainable practices for a better future.

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INSIGHT

Money's Influence

Money is a medium of expression, reflecting our values and shaping societal outcomes.
Interventions in the monetary system create distortions with wide-ranging consequences.

INSIGHT

Monetary Intervention

Governments favor manipulating the monetary lever because it offers the quickest path to economic change.
This has led to a shift from sound money to interventionist tools.

INSIGHT

Four Stages of Ruin

Government intervention distorts markets, leading to more intervention and economic ruin.
The four stages of economic ruin are misalignment to reality, death of creative destruction, capital flow distortion, and decision-making impairment.

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