Season 1 · Episode 320
Understanding the cost and value of money
For most of us, we are most concerned baout the value of our money. But it has a cost, if we borrow it. What's the relaitonship between the two?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
October 12, 202241m 17s
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Show Notes
We all know money has a value, but if you are borrowing it, it also has a cost. But aside from buying houses and a few other big items, we generally are more concerned with the value of the money we earn rather than the cost of the money we borrow. Today we look at the relationship between the cost and value of money, and ask whether the instability in interest rates is hindering our ability to plan for our future. What would happen if interest rates were fixed? And what about the rising cost of money, when governments need to spend more money to support us when times are tough – like now, for example?
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