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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