Guy's Take #48 - But Hoarding Money Destroys the Economy!...

June 29, 2021 00:59:47
Guy's Take #48 - But Hoarding Money Destroys the Economy!...
Bitcoin Audible
Guy's Take #48 - But Hoarding Money Destroys the Economy!...

Jun 29 2021 | 00:59:47

/

Hosted By

Guy Swann

Show Notes

We've all heard the criticism, sound money can't work because people will simply "hoard it." Obviously, per the Keynesians' demands, it is critical that we incentivize consumption and investment or the economy will fall into chaos and poverty. But how sound is this idea really? Does a money that keeps its value and isn't debased REALLY destroy the economy? What if this statement is simply.... wrong? All this and more in today's Guy's Take to break down the concepts of natural deflation, its differences with credit deflation, the boogeyman it's been confused with, & what sound money gives to the economy that uses it. Some other great episodes mentioned in today's show to expand on the ideas & go further down the rabbit hole: The Use of Knowledge in Society https://bitcoinaudible.com/hayeks-use-of-knowledge-in-society-part-1-2/ Guy's Take #18 - A Story of Booms and Busts https://bitcoinaudible.com/a-story-about-booms-busts/ Guy's Take #36 - Walking Tall https://bitcoinaudible.com/guys-take-36-walking-tall/ Our amazing sponsors for today's show, keeping Bitcoin Audible alive! The BitBox02 hardware wallet for the trifecta of ease of use, security, & open source key storage. SwanBitcoin.com for the automatic Bitcoin savings plan, automatic withdrawal, & low fee sat stacking. Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

November 24, 2023 01:13:59
Episode Cover

Reboot - Bitcoin is Digital Scarcity

"The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature....

Listen

Episode

February 01, 2022 01:32:31
Episode Cover

Read_598 - Why Every Fixed Income Investor Should Consider Bitcoin - Part 1 & 2 [Greg Foss]

“General Motors, Ford, AT&T and GE have cumulative debt that is larger than the entire HY market. Downgrades of any one of these names...

Listen

Episode

April 13, 2020 00:50:37
Episode Cover

Read_379 - Dont be Misled by Red Herrings - Treatise on Bitcoin & Privacy Part 2 [Giacomo Zucco]

"It is the digital equivalent of your physical bank sending private investigators to follow your every move for days after you withdraw cash at...

Listen