The Peter McCormack Show #066 - Matthew Mezinskis - War & Money: Why Europe Can’t Rely on America Anymore
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Apr 10, 2025 Matthew Mežinskis, a macroeconomic researcher and Bitcoin educator, delves into why Europe can no longer rely on the U.S. security assurances amid geopolitical tensions and the Ukraine conflict. He discusses the dangers of monetary expansion, rising authoritarianism, and the hollowing of the middle class due to inflation. Matthew argues that Bitcoin could be the escape hatch in this turbulent landscape while exploring the shifting power dynamics from West to East. His insights provide a compelling analysis of the intersection of money, war, and societal challenges.
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Inflation and Money Supply
- Inflation is a monetary phenomenon, correlating with increased money supply exceeding demand.
- Track money supply growth; income and asset growth should keep pace.
Wealth vs. Living Costs
- Asset growth significantly outpaces consumer price increases, benefiting asset holders.
- Without assets, keeping up with money supply growth and real inflation is difficult.
Generational Housing Costs
- Peter McCormack's dad bought a house for a few thousand pounds in the 70s; his first house cost £100,000.
- His son needs £250,000 and parental help; homeownership has become drastically harder.