Bitcoin for Millennials

You’re in a Financial Crisis (and You Don’t Even Know It) | Lawrence Lepard | BFM140

6 snips
Apr 3, 2025
Guest
Lawrence Lepard
Lawrence Lepard, a professional investment manager and advocate for sound money, discusses the flaws in today's debt-driven monetary system. He highlights the moral implications of inflation and critiques Keynesian economics. The conversation touches on the historical context of sound money and Bitcoin, pointing out injustices of the fiat system. Lepard explores signs of an impending recession and emphasizes the need for investing in real assets like Bitcoin and gold. He also calls for educating future generations about the importance of sound money.
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INSIGHT

Inflation as a Moral Failure

  • Inflation is a moral issue because manipulating money is a form of fraud, similar to dishonest weights and measures.
  • This manipulation steals from savers and funds immoral acts like wars.
INSIGHT

Deflation and Keynesian Economics

  • Deflation is beneficial for consumers in a stable economy, as it increases their purchasing power.
  • Keynesian economics misrepresents deflation by focusing on the Great Depression example.
INSIGHT

Debt-Based Money Systems

  • Debt-based money systems are inherently flawed because debt creates a perpetual need for more money.
  • This leads to constant money creation, devaluing the currency and requiring ever-increasing debt.
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