The world only has so many natural resources — and, as the population grows, there’ll be fewer of them to go around.
That’s the fear, anyway. But it turns out that while natural resources are limited … innovation isn’t. Our new video explains.
“When you inflate a currency the middle class gets wiped out. If you want to help the economy you need to study monetary theory.” - @RonPaul on #Bitcoin https://t.co/obzpC42Zz8
Commodification is simply providing financial incentives to supply more of something, so it’s always strange to see people objecting to the commodification of things we want more of like housing
Eurozone inflation has moved up to 8.1%, its highest level ever.
Meanwhile, the ECB is still holding interest rates at negative levels.
This is perhaps the greatest disconnect between easy monetary policy and unabating rising prices that the world has ever seen.