means neve r having to say you’re sorry that your grandchildren can’t afford dentures.
The Bottom Line: We can print money, but we can’t print energy. The more money we print today; the faster we consume, and the less energy and stuff we will have tomorrow.
Helicopters and the Future
“ Only when the last tree has died and the last river been poisoned and the last fish been caught will we realize we cannot eat money .” - Alanis Obomsawin
Summary: Increasingly, global central banks, particularly in China, are creating, (or guaranteeing) new debt to maintain societal access to “brain services”. To better understand the money-creation process and its ramifications, let us consider the following thought experiment. Imagine a swarm of helicopters continuously dropping billions of dollars from the sky over a city — raining cash, returning to base, refueling, reloading, and doing it again. Predictably, people run after and gather all the $100 bills raining from
Powered by FlippingBook