What happens when the money supply grows too slowly or too quickly?&nbsp;From gold-standard deflation to QE-driven inflation and inequality, we trace the lessons of monetary history, and what we can do today to protect ourselves in an age of infinite money.Topics covered include:<ul><li>How is the money supply measured, and why is it a subjective exercise</li><li>What is an example of a negative money shock</li><li>Why an optimal monetary policy would lead to deflation, and why that is a good thing</li><li>What causes inflation</li><li>How quantitative easing contributed to wealth inequality</li><li>What is demurrage currency</li><li>The unorthodox way Richard Nixon sought to combat high inflation and a strong dollar</li><li>How to increase our wealth in an era of infinite money</li></ul>Show Notes<a href="https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/" rel="noopener noreferrer" target="_blank">Distribution of Household Wealth in the U.S. since 1989—The Federal Reserve</a><a href="https://fred.stlouisfed.org/series/M2SL" rel="noopener noreferrer" target="_blank">M2&nbsp;(M2SL)—FRED</a><a href="https://www.nber.org/system/files/working_papers/w10329/w10329.pdf" rel="noopener noreferrer" target="_blank">Good Versus Bad Deflation: Lesson from the Gold Standard Era by Michael D. Bordo, John Landon Lane, and Angela Redish—NBER</a><a href="https://www.cvce.eu/content/publication/1999/1/1/168eed17-f28b-487b-9cd2-6d668e42e63a/publishable_en.pdf" rel="noopener noreferrer" target="_blank">Speech by Richard Nixon (15 August 1971)—CVCE</a><a href="https://en.macromicro.me/collections/34/us-stock-relative/24033/wilshire5000-to-us-m2" rel="noopener noreferrer" target="_blank">US - Total Market Cap Divided by M2 Money Supply—MacroMicro</a><a href="https://www.cepweb.org/wp-content/uploads/2017/11/Montecino-paper.pdf" rel="noopener noreferrer" target="_blank">Did Quantitative Easing Increase Income Inequality? by Juan Antonio Montecino and Gerald Epstein—CEPWeb</a><a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4060841" rel="noopener noreferrer" target="_blank">Does Quantitative Easing Affect Inequality: Evidence from the US - Nektarios Michail</a><a href="https://en.wikipedia.org/wiki/Demurrage_currency" rel="noopener noreferrer" target="_blank">Demurrage currency—Wikipedia</a><a href="https://davidgraeber.org/books/debt-the-first-5000-years/" rel="noopener noreferrer" target="_blank">Debt: The First 5,000 Years by David Graeber</a>Related Episodes<a href="https://moneyfortherestofus.com/482-unlocking-the-power-of-positive-skewness-strategies-for-investing-business-and-creativity/" rel="noopener noreferrer" target="_blank">482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity</a><a href="https://moneyfortherestofus.com/431-the-long-term-bullish-case-for-gold/" rel="noopener noreferrer" target="_blank">431: The Long-term Bullish Case for Gold</a><a href="https://moneyfortherestofus.com/336-own-what-is-real/" rel="noopener noreferrer" target="_blank">336: Own What Is Real</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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