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10 Things You Need To Know About Bitcoin #2: Inflation Is Theft | 014


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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.
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