Palisades Gold Radio · Tuesday, September 8, 2026
Mark Faber questions whether many Western countries have experienced genuine economic growth over the last two decades, suggesting it might be nominal money supply growth instead. He posits that if economies are stagnating or contracting, but money is injected, people might feel progress while their real situation has worsened.
“have we even really seen real economic growth in a lot of the Western countries or is it more nominal money supply growth?”
“Because in theory, we could have a stagnating or contracting economy, but you and I, we print enough money and throw money into the system and so the debt level increases and asset prices go up, whether that is housing or stocks or everything.”
“And then people may feel that they have progressed when in reality, reality being as you just hinted at real terms, inflation adjusted terms, their current situation is worse than it was 20 years ago.”