About this episode
The episode discusses the misconceptions surrounding deflation and fiat economics, arguing that falling prices indicate true innovation and progress.
"The idea that some authority can deduce the correct level of this balance is not merely wrong, it is not even wrong, it is methodologically incoherent. Asking for the 'correct' interest rate is like asking how much the color orange weighs." ~ Allen Farrington & Sacha Meyers What if deflation isn't the economic boogeyman we've been told to fear, but the very *signal* that progress is happening? In Part 2 of Allen Farrington and Sacha Meyers' brilliant essay, we dismantle the central myth of fiat economics – that printing money creates growth – and reveal why falling prices are the only honest measure that innovation has actually occurred. If the fiat prescription worked, where's the evidence? And why have central authorities never let us run the experiment? Check out the original article: Number Go Down by Allen Farrington and Sacha Meyers (Link: https://x.com/allenf32/status/2045477517201477686) References from the episode Part 1 of "Number Go Down" – make sure you catch it before this one. (Link: https://fountain.fm/episode/fLqds61ds9YbsnqGOkE8) "Bitcoin is Venice" by Farrington & Meyers – second edition announced for 2027. (Medium…
People in this episode
Host: Guy Swann
Topics covered
- deflation
- fiat economics
- interest rates
- innovation
- economic theory
Keywords
- deflation
- fiat money
- economic growth
- interest rates
- innovation
Mentioned in this episode
Organizations: Medium, Amazon
Books & works: Number Go Down, Bitcoin is Venice, On the Manipulation of Money and Credit
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