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get that fresh money you can make a lot of money in buying assets you know you can buy a chalet lichtenstein you can buy fine art but if you are not part of that group by the time the money gets down to you you're paying more for groceries you're paying more for gasoline so you experience that price inflation and it creates us an enormous gap between the haves and the have yachts and the have nots and stuff but this negative rate seems like more of a defaults and outright default on a bond then an attempt to inflate one's way out of debt i see you nodding your head what do you think i think one can make the argument that it's kind of a. soft the fold them in you you get to you know no in cents on the dole a bake will even less if if you have a negative one percent uk's so that's basically the a partial default sure but i think the main busy intention is really to push this car and see ol for sit out and really i mean in switzerland and and least it's done a where we we have to the swiss ruck we have pretty negative interest rates already and this is a huge huge problem or obviously fullest t
get that fresh money you can make a lot of money in buying assets you know you can buy a chalet lichtenstein you can buy fine art but if you are not part of that group by the time the money gets down to you you're paying more for groceries you're paying more for gasoline so you experience that price inflation and it creates us an enormous gap between the haves and the have yachts and the have nots and stuff but this negative rate seems like more of a defaults and outright default on a bond then...
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1st of all i like the way you say lichtenstein how do you say it the listener. call affair like i'm in a crazy movie something well we are in paris you are from vienna so you're austrian . in more ways than one many of our guests here on kaiser reporting who watch the show call themselves part of the austrian school of economics are you an austrian school of economics person or what does it mean to you well i would say so i mean it's quite important for our development detest being very deport important the austrian school of economics i think helps to really see that this is in the turn a twofer way to view the monetary system so it's not only central banking it doesn't have to be central banking this is there a leap of like mainstream economics just takes that as a given and i think that's perhaps one of the biggest atlanta just if one studies the austrian school of economics just that one really realizes a this can be another way and the central banking may not be the holy grail for a day or big fan also of the big standard that book safety in the most i am y
1st of all i like the way you say lichtenstein how do you say it the listener. call affair like i'm in a crazy movie something well we are in paris you are from vienna so you're austrian . in more ways than one many of our guests here on kaiser reporting who watch the show call themselves part of the austrian school of economics are you an austrian school of economics person or what does it mean to you well i would say so i mean it's quite important for our development detest being very deport...
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not been this low and the bonds are at a higher price than they've ever been in 300 years so lichtenstein's been around for what 300 years you've never had a bond bubble this big in your entire history as a country where you think about that well the good thing about it doesn't have that so. there's a lot of people live there 38000 was the average. for capita that were. high higher than cut cut cut or i guess oh wow we're moving similar similar anybody to enter the u.s. you know i just go there go when there is a brick and think and regine anyway look this book here has a lot of charts it has so many charts that mitch firestone call me in the middle of the night and send rush me a copy immediately because i'm dreaming about all the charts in this book to get back to kind of a global talk about rates and economics and things just cover briefly imagine stock to flow ratio in this kind of a cross crosses between big gold what is it how is important and in the house important because in a particular way of that's a good point and that's perhaps one of the very central points of off why we view
not been this low and the bonds are at a higher price than they've ever been in 300 years so lichtenstein's been around for what 300 years you've never had a bond bubble this big in your entire history as a country where you think about that well the good thing about it doesn't have that so. there's a lot of people live there 38000 was the average. for capita that were. high higher than cut cut cut or i guess oh wow we're moving similar similar anybody to enter the u.s. you know i just go there...