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Continued:

Our subsequent Socratic Debate went on for many hours into the night, as always. Topics covered were:

- How long can a fiat system work and survive?

- How can we make sure that credit goes towards the productive businesses only?

- How can we increase productive credit? What incentives are organically available?

- Is there a precedent of a country that migrated from asset-based speculative credit and money creation to production based money creation?

- How does the Austrian school consider the inflation impact of the three types of loans mentioned by Professor Werner, for (1) production, (2) consumption, (3) asset speculation?

- How do we solve the energy situation (price & quantity) in Europe if Russian relations and supply chains like Northstream are broken for at least a generation?

- Concerning Euro: will fiscal imbalances and asset bubbles precipitate a collapse of the Euro?

Read on.

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Hu₿ertus the Austrian 1mo ago

Continued:

- Should we return to national currencies?

- How should we interpret the massive gold purchases made recently by central banks?

- Which countries are moving towards a more decentralised monetary system?

- How will our life look like long-term if each payment with CBDC money needs some kind of application with the central bank?

- Do EU citizens have any chance of averting the centralisation of money and power with CBDC?

- Can we abolish the ECB?

- How to stop CBDCs, at least in the EU?

- Is it possible to create an independent, decentralised monetary system without the approval of lawmakers?

- Is it really just the banks underserving industry or is there a generational decline in German industry which reduces bank business?

- Wirtschaftsweise Werner von Sinn (Germany) says we have now after COVID much more new Money and Credit than what triggered the Financial Crisis of 2008/2009. Will this again result in a Big Crash and when?

- How much regulation is necessary to prevent misbehaviour of market participants?

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