In this episode, Mike and David look at the current British Government avowed intention to “Build, Build, Build!”
They discuss the infrastructure funding options available: taxation, borrowing and inflationary monetary expansion. They examine peak-taxation, and consider whether government debt is harmful and what the implications of debt funding are for future generations. Finally, the conversation returns to the boom-generating effects of inflationary monetary policies and the subsequent busts. Against a background of unprecedented monetary intervention by central banks, they ponder whether the effect will be to bring about a currency collapse and a “Great Reset”.
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