Patricia and Christian talk with economist and author Dr Dirk Ehnts about Elon Musk's nonsensical ideas about how the money system works.
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Relevant to this episode:
- Episode 30 - Steven Hail: Understanding Government Bonds (Part 1) :https://www.patreon.com/posts/29621245
- Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500
- "Federal Debt and Modern Money" by Steven Hail & David Joy: https://www.global-isp.org/wp-content/uploads/PN-121.pdf
- "There is no need to issue public debt" by Bill Mitchell: https://billmitchell.org/blog/?p=31715
- For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683
- Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/ep
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