Fix the Money Fix The World with Lawrence Lepard - WBD418

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 2 November 2021

⏱️ 104 minutes

🔗️ Recording | iTunes | RSS

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Summary

Location: New York
Date: Wednesday 27th October
Company: Equity Management Associates
Role: Investment Manager

Bitcoin is decentralised sound money whose supply cannot be arbitrarily expanded. It’s a system where no one has an advantage or disproportionate control.

The ability to increase the supply of money is a very powerful tool to wield. Through monetary policy, orthodox economists aim to promote growth and mitigate crises.

However, the Austrian school of economics explains instead that central banks create the environment for crises in the first place.

In the Great Financial Crisis, trillions of dollars were printed to bail out failing banking institutions and stimulate the economy. Instead of repercussions, many bankers received millions in bonuses. While credit markets rebounded, many average Americans lost their homes, their jobs and received no bailouts.

So can Bitcoin help by aligning incentives in society? And what will happen to gold?

In this interview, I talk to Investment Manager and Austrian Economist Lawrence Lepard. We discuss sound money as a moral issue, the monetary role of gold, and why bitcoin is the most important invention in history.

Transcript

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0:00.0	I think it's over. It's changed. We are now in an inflationary environment. Get
0:08.2	used to it, get ready for it, prepare for it, protect yourself against it.
0:11.4	Hello there, how are you all?
0:14.0	Welcome to the What Bitcoin did podcast,
0:16.0	which is brought to you by Gemini,
0:17.0	the only place I'm using for buying Bitcoin.
0:19.0	I'm your host, Peter McCormack,
0:21.0	and before we get into today's interview I do have a message
0:24.4	from my amazing show sponsors this show is brought to you by Kata the safest way for
0:29.4	you to store your Bitcoin now with the Bitcoin price high this year I know some of you have been making some great
0:34.6	gains and with forgotten passwords sim swaps and fishing attacks there are just too many
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	...

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