AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
6min chapter
We Are Living through Late-Stage Central Banking with Robert Breedlove (WiM309)
The "What is Money?" Show
The Rise and Fall of Capitalism
Once we had the implementation of the Federal Reserve in 1913, the trajectory has started to change, right? We've become steadily less free over time. It's not surprising to me at all that when you install a central bank, which derives all of its revenues from senior age or expansion of the money supply, it sells the new currency units at a market rate that they produce at a below market rate. Once you start printing the money, you've increased the misallocation of capital such that the next bust is even more painful. So I'm reminded here of the way Rothbard put it and I'd basically paraphrase: The state is a robber bearing that will just plunder its victims until
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode