#133 - Karl-Friedrich Israel - Inflation, Inequality, Socialism & the Future of Europe
The Peter McCormack Show
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 4 December 2025
⏱️ 105 minutes
🧾️ Download transcript
Summary
Inflation isn't an economic metric — it's a political tactic. When governments lie about inflation, they're not miscalculating; they're stealing from you. Economist Karl-Friedrich Israel explains how inflation quietly enriches asset holders, punishes workers and pushes Europe into a slow, silent decline.
If your living standards are falling while politicians insist everything is fine, this conversation will make sense of it. If you still believe governments can print prosperity without consequences, you won't enjoy what follows.
In this episode we discuss:
– How inflation secretly taxes the poor
– Why CPI hides the real cost of living
– Europe's long, slow economic decay
– The rise of modern socialism
– Cronyism vs capitalism
– Collective corruption of elites
– Why asset inflation fuels inequality
– The Argentina warning
– Whether Bitcoin can fix the money
– AI, automation & the coming labour shock
Britain is being lied to — and people are finally waking up.
Karl-Friedrich Israel is a German economist specialising in monetary policy, inflation and inequality. His work reveals the economic mechanisms accelerating Europe's decline.
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TIMESTAMPS:
00:00:00 – The Inflation Lie
00:06:21 – CPI vs Real Cost of Living
00:12:13 – Inequality: What's Legit, What Isn't
00:14:02 – Why Socialism Is Surging Again
00:19:34 – Inflation as Political Illusion
00:24:10 – Welfare, Dependence & the Trap
00:26:47 – Argentina, Milei & Monetary Chaos
00:33:16 – Should We Abolish Central Banks?
00:37:21 – Europe's Coming Decline
00:53:59 – Brain Drain & the Death of Opportunity
00:58:07 – Academia's Ideological Capture
01:23:02 – AI, Job Loss & the Future Economy
01:39:19 – Bitcoin, Freedom & The Path Forward
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CONTACT PETE
› Website – http://petermccormack.com
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CONNECT WITH KARL-FRIEDRICH ISRAEL
› Website – https://kfisrael.com/
SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
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FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | What are the left-wing reform proposals in the situation? |
| 0:03.5 | They say, let's tax the rich. |
| 0:05.7 | What are the libertarian reform proposals? |
| 0:08.6 | Let's get rid of inflation. |
| 0:10.7 | To some extent, that means the same thing. |
| 0:14.2 | We would indeed indirectly tax the rich because we would prevent asset price inflation. |
| 0:19.9 | So I think if people were just to come |
| 0:22.1 | together and talk a bit about these issues rationally, they would see that there might actually |
| 0:27.9 | be room for a broad coalition between people who are concerned with some of the issues that |
| 0:34.3 | we've been discussing. From the left and the right, and then instead of taxing the rich, you just get rid of |
| 0:41.7 | inflationary policies. |
| 0:43.6 | And I think the outcome would be much healthier. |
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| 1:26.8 | which is iran.com. That is |
| 1:29.3 | iron.com. All right. Morning. Carl. How are you? Good morning, Peter. I'm fine. Good to see. |
| 1:35.8 | Thank you for inviting me. Well, it's interesting time to talk about economics and interesting |
... |
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