Money printing destroys savings and capital

Watch the full 22-minute video at: http://www.goldmoney.com/juan-castaneda-macleod. Juan Castañeda, Senior Lecturer at UNED, talks to Alasdair Macleod, of the GoldMoney Foundation, about money printing. They discuss the consequences of stopping monetary stimulus that the economy is addicted to. They talk about interest rates, the price level and how this is affected by monetary policy. Nevertheless they insist that the consequences of continuing to print will, eventually, be even worse.

This interview was recorded on November 15th 2011 in Madrid.