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BTC096: Fractional Reserve Banking Vs Bitcoin w/ Mike Stroup (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Is the US Inflating the Debt Away?
In theory and in past history, governments have tried to inflate away their liabilities. But when we break down our three big expenses, social security, Medicare, Medicaid, a lot of those are going to be hard to decrease through inflation. So at the end of the day, this will be settled in the political context. And if you read the Austrians or whoever, what we have in sort of modern times is a lot more inflation indexed liabilities.
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