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

May 29, 2018 00:20:53
Episode Cover

CryptoQuikRead_080 - Amid Chaos, Our Decentralized Future is Being Built

“These prospects have stirred a hive mind of dreamers and fueled an unprecedented bout of economic speculation. We don't know where it's headed. But...

Listen

Episode

May 06, 2023 01:04:35
Episode Cover

Read_728 - Who Controls Bitcoin Core [Jameson Lopp]

"The question of who controls the ability to merge code changes into Bitcoin Core’s GitHub repository tends to come up on a recurring basis....

Listen

Episode

June 08, 2022 01:33:23
Episode Cover

Read_629 - On Impossible Things Before Breakfast [NYDIG]

"The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever...

Listen