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 16, 2019 01:03:32
Episode Cover

CryptoQuikRead_248 - Bitrefill's Hottest Lightning Tech of 2019!

Today we cover all the incredible new developments coming to Lightning and what they will mean for the future the protocol!  First we tackle...

Listen

Episode

June 19, 2019 00:30:15
Episode Cover

CryptoQuikRead_261 - The God Protocols [Nick Szabo]

"Imagine the ideal protocol. It would have the most trustworthy third party imaginable — a deity who is on everybody's side. All the parties...

Listen

Episode

August 14, 2020 00:56:05
Episode Cover

Guy's Take - The Dominoes are Falling [#30]

“We find the global acceptance, brand recognition, ecosystem vitality, network dominance, architectural resilience, technical utility, and community ethos of Bitcoin to be persuasive evidence...

Listen