The "What is Money?" Show cover image

The "What is Money?" Show

Fix the Money, Fix the World with Lawrence Lepard (WiM469)

May 10, 2024
Lawrence Lepard discusses transitioning from being a gold bug to a Bitcoin advocate, critiquing Keynesian economics, dissecting the US debt to GDP ratio, and exploring the impact of dishonest money on society. He also delves into the timeline of monetary debasement, the similarities between gold and Bitcoin, and the importance of fixing the broken monetary system for a fairer world.
02:47:30

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Money should be a product of production, not consumption.
  • Printing money without corresponding production devalues goods and services.

Deep dives

Production Precedes Consumption

Production must precede consumption, as money comes into existence when individuals produce more than they consume. When money is produced out of thin air without corresponding production, it destroys the amount and quality of goods and services available in the marketplace.

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