I appreciate a lot of the episodes of the Keiser Report with Max, Stacy and their Guests

for some insightful views and interesting information which they provide. Sometimes they should listen more carefully to what they are saying. In an earlier episode E1370, Failure of capitalism or monetarism Max speaks with professor Steve Keen from Down Under in the second half of the show about the traits that money should halve.

Keiser Report with Max Keiser

At one point they would be satisfied if money had the trait of an expiry date to help out the everyday man on the street, because then money would have a higher flow through rate and it would not be worth saving or in other words hording meaning money needed for the economy which dose not stand ready to be used in it.

Maybe I understood something wrong hear but with one thing I agree, money not circulating in the economy is deflationary. It becomes more valuable. Too much currency devoted to derivatives or in overproduction is a wast of resources and a cost to society.

Now back to the point of money having an expire date. We have that today. Max and Steve seem not to realize this. It’s called Inflation. Inflation has indeed build-in expire-date. The longer you hold on to it the less it is worth. We see the effects in Venezuela, Zimbabwe or even in Turkey.

You can never save money in a system like that to buy a car in cash to avoid paying interest there by saving money if you have to borrow the money to pay for the car. So that would not solve the problem. Savings should be the Basis of a healthy economy. The problem is simple, the distribution of money within society is too uneven. Nothing else.