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

February 11, 2022 02:21:57
Episode Cover

Read_601 - Bitcoin First [Fidelity]

“Bitcoin as a superior monetary good is more valuable than a better payment network . This leads us to another point as to why...

Listen

Episode

May 15, 2020 00:24:01
Episode Cover

Read_394 - Blockstream Satellite 2.0 [Adam Back, Chris Cook]

Full nodes without even needing the internet? That's right. A massive improvement to the decentralization & alternatives for securing Bitcoin validation infrastructure just dropped...

Listen

Episode

November 09, 2020 01:35:07
Episode Cover

Shitcoin Insider #002 - The Pungent Smells of a Bitcoin Fork

Back with another episode! In #2 we dive into the increasingly irrelevant fork of Bitcoin. What are they, where did they come from, and...

Listen