{"content":"Great listen folks!!\n\nJust something I was thinking when listening: I think credit creation IS the source of the problem and I think in Asian countries credit was only created for productive (in the beginning at least) which means the economies actually expanded but in the west, it went into non productive means like housing, cars, general lifestyle etc.\n\nThe think 99% of the money supply and the real source of inflation is actually from local banks giving out loans not the central bank. Every single mortgage that someone takes, every student loan, car loan, credit loan is money created out of thin air. These unproductive loans is literally why everything is so expensive.\n\nView quoted note →","created_at":1770401189,"id":"1bda3b39e21409512029b51d03d7e0e1c924c46a57d538b1b863fe5dd2a1c7b2","kind":1,"pubkey":"3bc9ba9dab10b278a32164c27ef7ede506e6d9d6b00f18435de1c2a841275bc4","sig":"543726b643777ea982d75b80433ca1024d8c7d2095df0d6f6a6a3f75b1ff1e1014b6ca72fba7f5698317614ff2a0c920343a0071c9ef8a6076c2a0cd4744b181","tags":[["k","podcast:item:guid"],["i","podcast:item:guid:a9c7056f7fd39caca9a4e1a3627512f6","https://fountain.fm/episode/tCr6Abzl37FZP7NiSKoc"],["k","podcast:guid"],["i","podcast:guid:76417ba3-824a-50c3-8021-8000e30025d5","https://fountain.fm/show/PVQBCXgSpWyAUkTNOdgt"]]}" target="_blank" rel="noopener">https://fountain.fm/episode/tCr6Abzl37FZP7NiSKoc\n\nNOSTR_0","created_at":1770401189,"id":"1bda3b39e21409512029b51d03d7e0e1c924c46a57d538b1b863fe5dd2a1c7b2","kind":1,"pubkey":"3bc9ba9dab10b278a32164c27ef7ede506e6d9d6b00f18435de1c2a841275bc4","sig":"543726b643777ea982d75b80433ca1024d8c7d2095df0d6f6a6a3f75b1ff1e1014b6ca72fba7f5698317614ff2a0c920343a0071c9ef8a6076c2a0cd4744b181","tags":[["k","podcast:item:guid"],["i","podcast:item:guid:a9c7056f7fd39caca9a4e1a3627512f6","https://fountain.fm/episode/tCr6Abzl37FZP7NiSKoc"],["k","podcast:guid"],["i","podcast:guid:76417ba3-824a-50c3-8021-8000e30025d5","https://fountain.fm/show/PVQBCXgSpWyAUkTNOdgt"]]}