Chapter
The Consequences of Printing Money
28:11 - 32:36 (04:24)
Printing money to stimulate the economy may seem like a solution for debt, but it can lead to further issues by increasing liabilities of the Federal Reserve System, hindering companies' ability to invest in new products, and making it impossible to stop paying off global debts.
Clips
The low-interest rates policy handicaps innovation and productivity by increasing company debts.
28:11 - 31:11 (02:59)
monetary policy
Summary
The low-interest rates policy handicaps innovation and productivity by increasing company debts. Cancelling the country's debt could be a viable solution, but it's not clear why it hasn't been considered.
ChapterThe Consequences of Printing Money
EpisodeJon Talks to Thomas Hoenig: Our Economy Is a Delusion
PodcastThe Problem With Jon Stewart
Printing money to pay off debt is not a sustainable solution because the act of printing money creates a debt for the Federal Reserve System.
31:11 - 32:36 (01:24)
Debt
Summary
Printing money to pay off debt is not a sustainable solution because the act of printing money creates a debt for the Federal Reserve System. China and Europe are also not inclined to help the USA pay off its debts.