Hi all,
I've been googling and I just can't seem to find any FREE 'economics 101' podcasts that explain the basics.
I remember reading a depletionist / Malthusian claim that society was addicted to growth and Western economic systems HAD to have growth because the money was being created so fast... otherwise catastrophic inflation would ensue. This was not just crazy hippie stuff, but Phd math's types writing for the CSIRO in Australia. See the essay
Debt as the driver of economic growth and excessive consumption; (about 6 page PDF from memory), his argument shorter.
I just watched some videos on money creation over here as well.
The Crash Course | Chris Martenson
Here there's a whole free book on the thing.
Feasta - The Ecology of Money
But I honestly can't make heads or tails of monetary policy which is supposed to combat this stuff. My economics mate says that money creation is neutral to whether or not an economy expands or shrinks, but the guys above seem to imply that money creation DEMANDS a growing economy or 'bad things happen'.
Is there anyone out there that can explain this, to me, a non-economist, in a way I can understand... or at least put me onto a podcast series that might help? (I've tried to read about this stuff at Wikipedia but my eyes go...
)
