MMT Explained and Its Accounting Limits

The Bitcoin Boomers Ep. 02: Fiat’s Final Days & AI Job Apocalypse | Larry Lepard, Dr. Bob Murphy, Bob Burnett, Gary Leland

Dr. Bob Murphy (NYU PhD, Mises Institute Senior Fellow, former Contra Krugman host) joins Bob Burnett, Larry Lepard, and Gary Leland for the most explosive Bitcoin Boomers episode yet. From the very first minutes the gloves come off: fiat’s 100-year Keynesian experiment is mathematically doomed, AI is already wiping out entry-level jobs overnight, robots are on track to rival nation-states, and deflationary technology just made debt-based money impossible to sustain. Larry drops the hammer (“the whole experiment is about to blow the fuck up — and it deserves to”), Bob Murphy calmly explains why Bitcoin proves you don’t need the state to have money, and the crew debates UBI inevitability, spend-and-replace adoption strategies, and why BlackRock & nation-states are suddenly begging for Bitcoin.

This is the red-pill episode you send to every boomer, uncle, or normie who still thinks the dollar is fine. If you want the intellectual ammo to orange-pill anyone over the holidays, this is it.

Key Topics:

Why fiat is now mathematically unsustainable

AI silently killing entry-level hiring today

Robots rivaling nation-states in power

Deflationary tech destroying debt-based money

Bitcoin proves you don’t need government to issue money

The regression theorem tragedy that cost Austrians millions

UBI is politically unstoppable

Greenspan’s private confession: being Fed Chair was “absolutely intoxicating”

Spend-and-replace vs pure HODL debate

BlackRock begging for Bitcoin — Bob’s biggest 2025 shock

20% Bitcoin discount at the CrossFit gym story

Why the next 100 M users could arrive in months

Chapters:

00:00:00 Cold Open – The end of fiat has begun

00:01:11 Welcome Dr. Bob Murphy & Bob Burnett

00:03:20 Why economics has warring schools

00:12:17 MMT exposed

00:19:16 Larry: “It’s about to blow the fuck up — and it deserves to”

00:26:26 AI already killing entry-level jobs

00:33:46 UBI is coming — politically impossible to stop

00:39:50 Robots will rival nation-states

00:43:10 Deflation just killed debt-based money

00:46:48 “Bitcoin proved you don’t need the state to issue money”

00:52:31 The regression theorem tragedy

00:55:21 Spend-and-replace debate

01:00:41 Real-world Bitcoin adoption stories

01:04:38 BlackRock begging for Bitcoin

01:10:57 “I cannot believe we got here this fast”

Guest :

Dr. Robert Murphy (@BobMurphyEcon) – NYU PhD, Mises Institute Senior Fellow, Chief Economist at Infinito

Website: https://www.bobmurphyshow.com/

Hosts:

Lawrence Lepard (@LawrenceLepard): Sound money advocate, fund manager, author of "The Big Print"

Bob Burnett (@boomer_btc): Bitcoin evangelist, Founder/CEO of Barefoot Mining, former CTO at Gateway Inc. Board member at Ocean with over 40 years in tech and mining.

Gary Leland (@GaryLeland): Founder of Bit Block Boom Bitcoin Conference.

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Check Out the Previous Episode w George Bodine: https://youtu.be/vO6J_JEDxKc

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