Zu Gast in dieser Podcast-Folge: Dr. Karl-Friedrich Israel
Senior Researcher, Institut für Wirtschaftspolitik Universität Leipzig
„I don’t believe we shall ever have a good money again before we take the thing out of the hands of government. We can’t take them violently out of the hands of government. All we can do is by some sly roundabout way introduce something that they can’t stop.“
Friedrich A. Hayek
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.
„How this inflation and debt-based system, over time, will begin to change the culture of a society and its behavior. We become more materialistic than under a natural monetary system. We can’t just sit on our savings anymore, and we have to watch our investments constantly, and think about revenue constantly, because if it is not earning enough, we are actively getting poorer.” Jorg Guido Hülsmann