Part 6/14:

This approach leads to persistent inflation, trade-offs that disadvantage productivity, and a cycle of debt accumulation. The reliance on monetary expansion is likened to historical practices like debasing Roman coins, which ultimately undermined the credibility of currency and economic stability.

The Hidden Cost of Overregulation and Bureaucracy

Highlighting bureaucratic complexity, the conversation points out that civil servants, often with careers spanning decades, operate within an increasingly Byzantine system, resistant to change. They are supported by generous pensions funded by the productive sector, which exacerbates the imbalance between active workers and those supported by welfare or state pensions.