Thoughtful Money with Adam Taggart Our Money Is Dying | Lawrence Lepard
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Sep 2, 2025 Lawrence Lepard, an investor and sound money advocate, discusses the alarming trends of fiat currencies losing purchasing power. He critiques official inflation rates as misleading and highlights the stock market's vulnerabilities. The conversation touches on the challenges of investing in precious metals and cryptocurrencies, emphasizing their resilience amid economic volatility. Lepard also examines the potential shift to a backed monetary system, the implications of rising energy costs, and advocates for financial literacy in these turbulent times.
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Monetary Growth Drives Inflation
- Lawrence Lepard argues M2 money supply growth largely governs long-run inflation and official CPI understates real inflation.
- He views long-term M2 growth around 7% as the underlying inflation driver, not the reported CPI.
Tariffs Can Trigger Capital Withdrawal
- Tariffs can depress demand and reduce foreign capital inflows that funded U.S. markets, risking market dislocation.
- Lepard warns this makes the economy more fragile and raises the chance of a policy-driven crisis.
Fiscal Dominance Risks Hyperinflation
- Lepard sees fiscal dominance forcing policy responses like yield-curve control that historically lead to explosive inflation.
- He likens potential outcomes to post-WWII yield-control episodes where inflation spiked dramatically.
