{"id":15749,"date":"2023-11-30T18:41:11","date_gmt":"2023-11-30T13:11:11","guid":{"rendered":"https:\/\/bravenewpodcast.com\/?p=15749"},"modified":"2023-11-30T18:41:11","modified_gmt":"2023-11-30T13:11:11","slug":"episode-73-paul-sheard-demystifies-money","status":"publish","type":"post","link":"https:\/\/bravenewpodcast.com\/episodes\/2023\/11\/30\/episode-73-paul-sheard-demystifies-money\/","title":{"rendered":"Episode 73: Paul Sheard Demystifies Money"},"content":{"rendered":"<p><iframe loading=\"lazy\" class=\"iframe-class\" src=\"https:\/\/html5-player.libsyn.com\/embed\/episode\/id\/28860998\/height\/90\/width\/640\/theme\/custom\/autonext\/no\/thumbnail\/yes\/autoplay\/no\/preload\/no\/no_addthis\/no\/direction\/backward\/render-playlist\/no\/custom-color\/ff1018\/\" width=\"100%\" height=\"90\" frameborder=\"0\" scrolling=\"yes\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; 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width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<div id=\"block-yui_3_17_2_1_1531700257624_130235\" class=\"sqs-block html-block sqs-block-html\" data-block-type=\"2\">\n<div class=\"sqs-block-content\">\n<div id=\"block-yui_3_17_2_1_1560137275805_230172\" class=\"sqs-block html-block sqs-block-html\" data-block-type=\"2\">\n<div class=\"sqs-block-content\">\n<p>What is money? How is it created? What is the relationship of governments, central banks, and commercial banks to money? Paul Sheard joins\u00a0<span class=\"il\">Vasant<\/span>\u00a0Dhar in episode 73 of Brave New World to cut through the fog.<\/p>\n<p><!--more--><\/p>\n<div><b>Useful resources:<br \/>\n<\/b>1.\u00a0<a href=\"https:\/\/bravenewpodcast.com\/episodes\/2021\/04\/15\/episode-10-understanding-qe-in-the-new-world\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/bravenewpodcast.com\/episodes\/2021\/04\/15\/episode-10-understanding-qe-in-the-new-world\/&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw03ZqCIwJRC_55DxomAcKjI\">Understanding QE in the New World<\/a>\u00a0&#8212; Episode 10 of Brave New World (w Paul Sheard).<br \/>\n2.\u00a0<i><a href=\"https:\/\/a.co\/d\/eXTT4Cz\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/a.co\/d\/eXTT4Cz&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw2k8ZsI_YjeIpUUzTknlpQ9\">The Power of Money<\/a><\/i>\u00a0&#8212; Paul Sheard.<br \/>\n3.\u00a0<a href=\"https:\/\/bravenewpodcast.com\/episodes\/2022\/01\/20\/episode-30-david-yermack-on-the-crypto-revolution\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/bravenewpodcast.com\/episodes\/2022\/01\/20\/episode-30-david-yermack-on-the-crypto-revolution\/&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw0tc895I8WXA4DdHUrB2d1S\">David Yermack on The Crypto Revolution<\/a>\u00a0&#8212; Episode 30 of Brave New World.<br \/>\n4.\u00a0<i><a href=\"https:\/\/a.co\/d\/gM6IHOK\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/a.co\/d\/gM6IHOK&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw2hm7-UWPNzP81Qdu2ZUi43\">Monetary Economics<\/a><\/i>\u00a0&#8212; Wynne Godley and Marc Lavoie.<br \/>\n5.\u00a0<i><a href=\"https:\/\/a.co\/d\/5mUrxmT\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/a.co\/d\/5mUrxmT&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw2lVjnLT7Y5x40p1nmMCJnt\">The Deficit Myth<\/a><\/i>\u00a0&#8212; Stephanie Kelton.<br \/>\n6.\u00a0<i><a href=\"https:\/\/a.co\/d\/10nU0gL\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/a.co\/d\/10nU0gL&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw2ntamL2OcmCB5GzrtsYf0Y\">Inflation: Causes and Consequences<\/a><\/i>\u00a0&#8212; Milton Friedman.<br \/>\n7.\u00a0<a href=\"https:\/\/bravenewpodcast.com\/episodes\/2021\/08\/19\/episode-19-james-robinson-on-what-makes-a-successful-state\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/bravenewpodcast.com\/episodes\/2021\/08\/19\/episode-19-james-robinson-on-what-makes-a-successful-state\/&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw0Yhsk8VVPAX-l0dZ-dKsgP\">James Robinson on What Makes a Successful State<\/a>\u00a0\u2014 Episode 19 of Brave New World.<br \/>\n8.\u00a0<i><a href=\"https:\/\/a.co\/d\/7bInCUf\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/a.co\/d\/7bInCUf&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw14c3KMhFSlQpWru9UnwO8q\">Sapiens<\/a><\/i>\u00a0&#8212; Yuval Noah Harari.<br \/>\n9.\u00a0<i><a href=\"https:\/\/a.co\/d\/arTE4UG\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/a.co\/d\/arTE4UG&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw3CvQvsBm6QSG4aXpJC0qRD\">Leviathan<\/a><\/i>\u00a0&#8212; Thomas Hobbes.<\/p>\n<p>Check out\u00a0<b><a href=\"https:\/\/vasantdhar.substack.com\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/vasantdhar.substack.com\/&amp;source=gmail&amp;ust=1701376665807000&amp;usg=AOvVaw0uXJJJWj93a8xwfHWmOEky\"><span class=\"il\">Vasant<\/span>\u00a0Dhar\u2019s newsletter<\/a><\/b>\u00a0on Substack. Subscription is free!<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"shariff\" data-twitter-via=\"vasantdhar\" data-title=\"Episode 73: Paul Sheard Demystifies Money\" data-info-url=\"http:\/\/ct.de\/-2467514\" data-backend-url=\"https:\/\/bravenewpodcast.com\/wp-content\/plugins\/shariff-sharing\/backend\/index.php\" data-temp=\"\/tmp\" data-ttl=\"60\" data-service=\"tl\" data-services='[\"facebook\",\"twitter\",\"linkedin\",\"whatsapp\"]' data-image=\"\" data-url=\"https:\/\/bravenewpodcast.com\/episodes\/2023\/11\/30\/episode-73-paul-sheard-demystifies-money\/\" data-lang=\"en\" data-theme=\"grey\" data-orientation=\"horizontal\"><\/div>","protected":false},"excerpt":{"rendered":"<p>\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff\ufeff What is money? How is it created? What is the relationship of governments, central banks, and commercial banks to money? Paul Sheard joins\u00a0Vasant\u00a0Dhar in episode 73 of Brave New World to cut through the fog.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[157],"tags":[168],"_links":{"self":[{"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/posts\/15749"}],"collection":[{"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/comments?post=15749"}],"version-history":[{"count":1,"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/posts\/15749\/revisions"}],"predecessor-version":[{"id":15750,"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/posts\/15749\/revisions\/15750"}],"wp:attachment":[{"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/media?parent=15749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/categories?post=15749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bravenewpodcast.com\/wp-json\/wp\/v2\/tags?post=15749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}