The Path to a Successful Economy - Richard Werner

Part 4 of Prof. Richard Werner's - 'The Case for Abundance'

Richard explores the most important central bank policy tool in history, direct bank credit control (window guidance). Using the East Asian Economic Miracle as an example, he highlights the power of window guidance to bring about double digit economic growth without inflation and to raise economies out of recession.

Contrary to the direct policy tool, a decentralised banking system can provide an alternative solution where the banks themselves naturally create a healthy, thriving economy without direction from the central bank. A banking system consisting of thousands of community banks that only lend locally to small businesses is robust, productive in nature, and does not lead to boom/bust cycles.

Part 4 of Richard Werner's brilliant talk at the Northern Light Convention in Sweden, organised by Scandinavian Freedom Events.

Richard is the Chair of Valhalla Network, a DAO whose mission it is to establish a global network of community banks; building a banking system owned by the people, for the people. Richard holds a First Class Honours B.Sc. in Economics from the London School of Economics and a doctorate in Economics from the University of Oxford. In the early 2000s, Richard authored the Japanese #1 best-seller 'Princes of the Yen', and in 1995 he invented the policy tool 'quantitative easing'.

Valhalla Network: ValhallaNetwork.io
Prof. Richard A. Werner's Official Telegram Channel: https://t.me/WernerEconomics
Prof. Richard Werner: https://professorwerner.org/