Great discussion with Richard Werner and Luke Gromen on PBD podcast.
Richard has a really incredible grasp on history and economics. He presents a compelling case about the need for MORE small banks focused on small businesses.
When a bank loans to a hedge funds - they dump it into markets and it bids up asset prices.
When a bank loans to a small business, more often than not it will hire people and produce goods - so while it increases the money supply it also increases the supply of goods on the market.
#bitcoin #macro #pbd #podcasts
Richard has a really incredible grasp on history and economics. He presents a compelling case about the need for MORE small banks focused on small businesses.
When a bank loans to a hedge funds - they dump it into markets and it bids up asset prices.
When a bank loans to a small business, more often than not it will hire people and produce goods - so while it increases the money supply it also increases the supply of goods on the market.
#bitcoin #macro #pbd #podcasts
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