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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