Why money obsession is keeping you poor

The economy is made up of real resources and the people who produce and own them. Money is different. Money is supposed to represent these real things and the relations between them, but it often fails to. Focusing too much on money – and interest rates and monetary policy – blinds us to how the economy actually works. Gary explains why this is so important if we want to change anything. ––––––––––– Special message: I've been meeting MPs, lords, political influencers, TV and radio presenters and heads of think tanks every week to convince them to tax wealth not work. Momentum is seriously growing behind wealth taxes as we head towards the autumn Budget. We need your help to keep making videos every week, growing our team and building the movement to tax wealth not work. Make a one-off donation on Stripe: https://buy.stripe.com/dRm4gs9Nl1L6eq... Or make a regular donation on Patreon:   / garyseconomics   (on the Patreon you'll also get access to live Q&As with me and early access to content.) All donations go to our not-for-profit company. Thanks, Gary x ––––––––––– Further resources to understand money mentioned in the video: What is money?    • What is Money?   Burning money    • Burning Money   The devaluation of money    • The Devaluation of Money   ––––––––––– Chapters 00:00 Intro 01:47 The obsession with interest rates 03:56 How monetary policy failed in 2008 06:05 Know your medieval history 06:55 People confuse money for real resources 07:24 Money printing during COVID 08:20 Why don't we just make more money? 10:21 You need more real resources 11:27 Redistribution of resources 12:46 Money is different for the individual and the state 13:24 Resources are rapidly flowing to the rich ––––––––––– JOIN GARY'S MAILING LIST – https://mailchi.mp/e27e37c9ebb4/get-g... GET THE TRADING GAME – https://www.penguin.co.uk/books/45580... ––––––––––– Follow Gary on other channels: LINKEDIN –   / garyseconomics   SPOTIFY – https://open.spotify.com/show/2807p01... INSTAGRAM –   / garyseconomics   TIKTOK –   / garyseconomics   BLUESKY – https://bsky.app/profile/garyseconomi... X –   / garyseconomics   FACEBOOK –   / garyseconomics   DISCORD –   / discord   WEBSITE – https://www.garyseconomics.org