Once Bitten! A Bitcoin Podcast.

Explain Inflation Like A Ninja. @DavidStOnge #474

Jul 2, 2024

Guest DavidStOnge explains inflation and hyperinflation, TARP program's impact, prophetic $ bill from El Salvador. Discussed inflation definitions, impact on purchasing power, and contrast between traditional and modern economic perspectives. Highlights Bitcoin's role in addressing financial challenges caused by increasing money printing in different countries.

01:26:49

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Episode guests

DavidStOnge

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Episode notes

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Quick takeaways

Inflation encompasses more than monetary expansion, affecting price levels economy-wide.

Misconceptions about CPI distort true inflation rates, revealing flaws in monetary theories.

Economic policies intertwine with climate initiatives, impacting resource allocation and inflationary pressures.

Deep dives

Understanding Inflation and its Impact

Inflation was discussed in detail, highlighting its various dimensions and impacts on the economy. The podcast delved into the definitions of inflation, emphasizing that it is not solely about the expansion of the monetary mass but includes a general rise in price levels across the economy. Insights were provided on why inflation can be misleadingly calculated, referencing the Consumer Price Index (CPI) and how it fails to capture the complete picture of inflationary pressures. The conversation shed light on the implications of printing 7% more money annually, demonstrating how this significant increase negatively affects purchasing power, leading to ongoing economic challenges.

Intro

2min

Bitcoin Products and Sponsors, El Salvador Dollar Bill, Worthless Money Education, and Bitcoin Book Discussion

16min

Resources for Bitcoin Beginners and Discussion on Inflation

4min

Understanding Inflation: Definitions and Impacts

13min

Unraveling the Impact of Inflation on Purchasing Power

32min

Understanding and Addressing the Impact of Inflation

16min

Discussing Inflation, Bitcoin, and Financial Freedom

5min

How can you help your friends and family what inflation is?

$ BTC 62,633

Block Height 850,369

Today's guest on the show is @DavidStOnge who joins me to explain inflation and hyperinflation.

Arm yourself with the knowledge of the true definition of inflation and be able to deliver that message to friends and family when they start complaining about the cost of living crisis.

What was the TARP programme and how did that affect the US and global economy?

What was the prophetic $ bill that David found from El Salvador?

https://www.citadel21.com/the-prophetic-el-salvador-bill

A huge thank you to David for coming on the show to share his learnings and for everything he is doing for #Bitcoin education.

Find David's book here and use the code BITTEN for a discount.

https://bitcoinbook.shop/products/bitcoin-everything-you-need-to-know?Format=Paperback

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