Resilient Wealth in an Era of Infinite Money
1Description
What happens when the money supply grows too slowly or too quickly? From gold-standard deflation to QE-driven inflation and inequality, we trace the lessons of monetary history, and what we can do today to protect ourselves in an age of infinite money.
Topics covered include:
- How is the money supply measured, and why is it a subjective exercise
- What is an example of a negative money shock
- Why an optimal monetary policy would lead to deflation, and why that is a good thing
- What causes inflation
- How quantitative easing contributed to wealth inequality
- What is demurrage currency
- The unorthodox way Richard Nixon sought to combat high inflation and a strong dollar
- How to increase our wealth in an era of infinite money
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Show Notes
Distribution of Household Wealth in the U.S. since 1989—The Federal Reserve
Speech by Richard Nixon (15 August 1971)—CVCE
US - Total Market Cap Divided by M2 Money Supply—MacroMicro
Does Quantitative Easing Affect Inequality: Evidence from the US - Nektarios Michail
Debt: The First 5,000 Years by David Graeber
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United States
Good covering last century of real money. How the financial abyss many face today leads directly to the irresponsible spending spree of LBJ. Since he created the loophole politicians have been giving the Cloward-Piven to the working class ever since .