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 20, 2024 00:45:48
Episode Cover

Take_094 - Focus

"Never half-ass two things. Whole-ass one thing."— Ron Swanson Focus. Easily spoken, hard to live by. There are many lessons that Bitcoin teaches, and...

Listen

Episode

January 13, 2023 01:15:09
Episode Cover

Read_691 - A Native Protocol for Social Media [Jack Dorsey]

The problem today is that we have companies who own both the protocol and discovery of content. Which ultimately puts one person in charge...

Listen

Episode

February 14, 2025 00:52:44
Episode Cover

Read_869 - Mainline DHT — Censorship-Resistance Explained

I've wanted for a long time to understand how a DHT works, and how a P2P network is able to establish connections in a...

Listen