Richard Werner touches on a number of topics in this Odd Lots Podcast episode. As one of the pioneers when it comes to money and credit creation, he gives interesting insights into his early research on this topic. He then explains what he calls the “Quantity Theory of Credit” and is an alternative to the "Quantity Theory of Money".

Mehr Geld führt automatisch zu mehr Inflation - steht doch in allen Zeitungen! Tatsächlich handelt es sich dabei um eine längst widerlegte Doktrin, die zudem Praktiker in der Geldpolitik nie wirklich überzeugt hat.

Mainstream inflation theories in economics do little to explain the recent acceleration in price increases. The associated economic policy recommendations further increase the misery of low-income groups.