SLP153 Philipp Bagus - What Most People Get Wrong About Deflation
Stephan Livera Podcast
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The Role of Debt Under a Hard Money Standard
Under a hard money standard, so let's say we were living under gold, that there would be much less roll for debt. Of course, if we live in an inflationary world, then it makes to to sense, and it's rational to indept yourself. But i will rather go into debt, buy the hou now or the apartment now, ande then as thes thi inflation, price inflation, my wage will also keep rising during the next decade. So it will become even easier to pay back the debt. And this has allowt has allowed governments to grow extr extraordinary since since 19 71,. especially the welfare states increased to too large because they were financed with depths
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