Brave New World -- hosted by Vasant Dhar Ep 73: Paul Sheard Demystifies Money
Nov 30, 2023
Guest Paul Sheard joins to discuss the concept of money and its various forms throughout history. The chapter explores money creation and the role of banks, as well as the implications of government deficits and debt. It also delves into the concept of inflation targeting, the role of the Federal Reserve, and the potential problems with cryptocurrencies.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 6min
"Demystifying the Concept and Measurement of Money"
05:31 • 2min
Money Creation and the Role of Banks
07:11 • 22min
Understanding Government Deficits and Money Creation
28:43 • 27min
Understanding the Implications of Government Debt and Deficits
55:57 • 3min
Exploring the Concept of Inflation Targeting and the 2% Inflation Rate
58:58 • 5min
Honing the Economic System and the Role of the Federal Reserve
01:04:10 • 19min
Cryptocurrencies and the Need for a Decentralized System
01:23:10 • 17min