Greenbacks and Hammies – A Reflection on Economics in 2021

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Paul Millerd shares his understanding of hamsternomics: printing money, the future of work, and what we want or need in life.

Right now, as citizens of the United States we may become that hamster.  Near term, we don’t really have a choice.  Long term, we might have a choice.

A lot of people have asked us what printing money means. Like, what actually happens and why should we care? That simple question turned into a long investigation. 

The result is this piece, which aims to give you a better understanding of the whole economy using hamsters. Hamsters are fun. They’re playful. We understand their need to run faster and faster on wheels.

But, my friends, the joke is on us. WE are the hamsters right now.

We’ll explain WHY we, U.S. Citizens participating in the global economy, are just like that hamster and explore WHETHER we want to remain on the hamster wheel. 

It’s an ambitious agenda, requiring us to do a first principles explanation of a bunch of economic concepts, including:

What money really is

How it powers the economy and as a result, our hamster wheels

Why fast is never fast enough on the hamster wheel (hint: it’s greed!)

What happens when hamsters lose interest in the hamster wheel?

What does the future look like? Wheel or no wheel?

 

Key points include:

  • Unleashing trillions of dollars into the economy
  • The Hamster Prize
  • The Hamster government

 

Read the full article, Hamsternomics: Printing Money, The Economy & Work Beliefs, on Boundless.com.