Law of diminishing returns & Gov Debt - Dr Lacy Hunt

Описание к видео Law of diminishing returns & Gov Debt - Dr Lacy Hunt

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Money is like a ruler, it is the unit with which we measure value. Changing the supply of money is like changing the size of a ruler to make a part fit.

A dynamic ruler (Fiat) causes systemic calibration errors, driving down efficiency & productivity while simultaneously driving up corruption and fraud.

The ability to print money ad infinitum is the root cause of our societal rot.

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