3/4: The First Panic of 2022-2023: More 4/4: The Money Confusion: How Illiteracy About Currencies and Inflation Sets the Stage for the Crypto Revolution by John Tamny (Author)
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 19 March 2023
⏱️ 15 minutes
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3/4: The First Panic of 2022-2023: More 4/4: The Money Confusion: How Illiteracy About Currencies and Inflation Sets the Stage for the Crypto Revolution by John Tamny (Author)
https://www.amazon.com/Money-Confusion-Illiteracy-Currencies-Revolution/dp/1958682268/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=
Money, Tamny argues, is a natural market phenomenon and one that asserts itself even in a world of government-issued paper. While economists and pundits hide behind charts, equations and supercilious commentary about the so-called "money supply," Tamny provides familiar examples from the real-world to expose this mysticism as modern-day phrenology.
Transcript
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| 0:00.0 | I want to take a second to tell you about the biggest international festival for pop casting. |
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| 0:27.0 | Book yours at thepopcarshowlunder.com |
| 0:35.0 | This is CBS I In The World. |
| 0:36.7 | I'm John Batcher with John Tamney, the author of the new book The Money Confusion. |
| 0:40.9 | However, it will be a literacy about currencies and inflation. |
| 0:44.7 | Sets the stage for the crypto revolution. |
| 0:47.1 | We're headed to crypto, but we're going to stop at the way station called inflation. |
| 0:52.0 | John right now, inflation is a headline story around the world. |
| 0:55.4 | All economies, the European, Asian, African, everybody's pointing to inflation as a threat |
| 1:02.0 | to their prosperity, to their sovereignty, to stability. |
| 1:06.2 | Easy money is the blame, easy money of the central bankers for these years. |
| 1:11.8 | You disagree, John. |
| 1:13.8 | You say the source of inflation is what, John? |
| 1:17.0 | What is the source of inflation? |
| 1:18.8 | The source of inflation is the lockdowns. |
| 1:22.3 | How we know that is we can go back to first principles. |
| 1:25.5 | We can go back to Adam Smith's pin factory. |
| 1:28.2 | What happened when one man produced one pin per day divided up work with several on the |
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