The Vance Crowe Podcast

Luke Gromen "print the money or trigger the revolution"

5 snips
Oct 28, 2025
Luke Gromen, an economist and founder of FFTT, delves into the complexities of inflation and monetary policy. He tackles the dilemma central banks face between printing money and risking social unrest. Gromen discusses how government interventions inflate land prices and argues that Bitcoin is challenging traditional asset values. He explores the growing trend of central banks stockpiling gold and how AI might influence financial systems. The conversation offers insights for farmers, investors, and everyday people navigating today's economic challenges.
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INSIGHT

Print The Money Or Trigger Revolt

  • The U.S. faces a binary choice: print money or trigger social upheaval by cutting entitlements and defense.
  • Policymakers prefer printing because immediate cuts would likely collapse receipts and spark revolt.
ANECDOTE

Buying Ohio Farmland In 2011

  • Luke bought 100 acres in Ohio around 2011 for about $4,300 per acre and sold later for $6,000.
  • He still recalls the initial purchase as cashflow negative relative to land rent and loan interest.
INSIGHT

Revalue Assets In Gold Or Bitcoin

  • Pricing assets in Bitcoin or gold shows real purchasing-power trends hidden by dollar prices.
  • Luke found equities and housing fall sharply when measured in gold or Bitcoin since COVID.
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