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23 February 2023 13:00-14:00Innovation City Cape Town

What is money, where does it come from, and why do we use it?

Our event speaker Martin Mygind wrote a book about it in order to answer these three questions, uncovered in a story about politics, gold mines and our earliest ancestors. His book delves into the forgotten history of money, told through the lens of human nature, and along the way, provides a simple and more logical explanation about the economic connections of society and drivers of progress.

Mygind shows why attempts to create growth by printing money and throwing it into the economy is fruitless, and how these measures instead facilitate negative wealth distribution, risky financial behavior, and associated financial bubbles that continuously forced investors and entrepreneurs to focus on market valuation rather than value creation and profitability.

He will also show how market dynamics are a product of human nature and therefore very easy to understand yet still so infinitely complex that our attempts to manipulate them to our own advantage always backfires into unintended consequences and financial bubbles. 

Want to know more about money?

Join us for this fireside chat with Martin Mygind at Innovation City Thursday 23rd February at 1pm

All you need to know

What: Money for Dummies: Why we misunderstand money, and how this clouds our understanding of macroeconomics and markets -  with author and economist Martin Mygind

Where: Innovation City Cape Town

When: 23rd February 2023

Time: 1pm - 2:30pm


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Speaker

Martin Mygind
Economist | Business Development | Author | Columnist

Martin Mygind is a Danish writer, economist, and consultant, who has a much more user-friendly take on money and macroeconomics, giving everyone, regardless of prior experience, the opportunity to understand the dynamics of our societies.

Martin brings his unique perspective, which he gained both from working in banking in the hectic years of the financial crisis, and later, from building startups in South Africa, among them, Zando. The hectic hey-days of e-commerce startups taught him the value of sorting out all unnecessary noise and focus on the core issues and dynamics of the business.

Martin realized that the same approach was extremely useful, when applied to the understanding of macroeconomics, which is heavily clouded in political, legislative and media noise. And after realizing that central banks and politicians were making the same mistakes again, and that the world was once again going to suffer for it, he decided to publish the book: ‘The little guide on Money, Economic busts, and Financial Bubbles’ (No English translation yet), where he accurately predicted the stagflationary environment the west is experiencing right now and proposes a much more sustainable alternative.

In his talks, he shows the reader how market dynamics are a product of human nature and therefore very easy to understand yet still so infinitely complex that our attempts to manipulate them to our own advantage always backfires into unintended consequences and financial bubbles.

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