Why Can’t We Just Print More Money
Ben Behind the Brand
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Why Can’t We Just Print More Money
3 просмотра · 22 часа назад
Ben Behind the Brand
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3 просмотра · 22 часа назад
In 1923, some German workers got paid at lunch break, so they could spend it before it lost even more value.
The more money they got, the less it bought. So why can't we just print more money?
We start with a 1752 thought experiment about waking up with five times the money. Then we visit three of the wildest money meltdowns on record: Germany in 1923, Hungary in 1946 and Zimbabwe in 2008. After that, we look at what headlines really mean when they say a central bank is "printing money." By the end, you'll have one simple question to ask the next time someone says, "Just print more."
CHAPTERS
00:00 Five Times the Money
01:12 Tickets for Bread
01:58 Bread for Billions
03:51 Who Came Out Ahead
05:03 Between Breakfast and Bedtime
06:03 Printing Without a Press
08:15 The Souvenir Banknote
09:11 Back to the Wallet
SOURCES
Hyperinflation in Deutschland 1923, Deutscher Bundestag Research Services, Oct 12, 2023: https://www.bundestag.de/parlament/ge...
Die Inflation 1923 (LeMO), Deutsches Historisches Museum, 2014: https://www.dhm.de/lemo/kapitel/weima...
World Hyperinflations (table), Steve H. Hanke and Nicholas Krus, Cato Institute, 2012: https://www.bcci.bg/resources/files/h...
Mar hetven eve forinttal fizetunk (70 years of the forint), Magyar Nemzeti Bank, 2016: https://www.mnb.hu/letoltes/horvath-k...
Of the Balance of Trade, David Hume, 1752 (Econlib): https://www.econlib.org/library/LFBoo...
Quantitative easing, Bank of England: https://www.bankofengland.co.uk/monet...
Did Quantitative Easing by the Bank of Japan "Work"?, Mark M. Spiegel, FRBSF Economic Letter, Oct 20, 2006: https://www.frbsf.org/research-and-in...
Modern Hyper- and High Inflations, Stanley Fischer, Ratna Sahay and Carlos Vegh, NBER Working Paper 8930, 2002: https://www.nber.org/papers/w8930
Giesecke & Devrient and Zimbabwe's banknote paper, VOA, Jul 2, 2008: https://www.voanews.com/a/a-13-2008-0...
Zimbabwe's old notes and the central bank's offer, Reuters via VOA, Jun 12, 2015: https://www.voanews.com/a/reu-zimbabw...
Zimbabwe ditches its dollar, ending an economic era, Bernardo Batiz-Lazo, The Conversation, Jun 15, 2015: https://theconversation.com/zimbabwe-...
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