10 Things You Need To Know About Bitcoin #2: Inflation Is Theft | 014
Inflation is stealing your time and purchasing power. And it's intentional.
One Way Ratchet · Dan Felger, Trent Nutting
November 7, 202343m 18s
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Show Notes
In Part 2 of the series, Dan and Trent examine the impact of money printing.
Episode 2: Inflation Is Theft
- In Part 1 we looked at the Mo Money part of the equation
- Part 2 explores Mo Problems
- Money printing bails politicians out of their terrible decisions. And we have to pay the cost
- It creates inflation. More units of money just cause prices of everything to go up. Your dollars can buy less and less all the time
- Inflation is theft. It makes you work harder and harder for less.
- Money printing is an insidious game. It impacts the people the most who can afford it the least
- What else does it do? Drive up asset prices. And rich people own all the assets
- This is by design. Designed by the rich and powerful
- Throughout time, there was very little inflation in places with no money printing
- Societies flourished under a gold standard when governments could not print endlessly
- Today's song: Mo Money Mo Problems by The Notorious B.I.G.
Topics
bitcoin