5min chapter

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#178 – Michael Malice and Yaron Brook: Ayn Rand, Human Nature, and Anarchy

Lex Fridman Podcast

CHAPTER

The Worst Thing About Inflation

When you print more money, the value of every individual dollar matters less. FDR made it illegal for people to own gold unless it's like a wedding ring. People trying to save money, and Fed policy right now, is just horrific if you're a savior. Capitalism says there should be no Fed; that's item number one on the list of capitalists' wish lists.

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