The Julia La Roche Show #263 Lawrence Lepard: Get Ready for The Big Print, The Fall Of Fiat Currency, And The Rise Of Sound Money
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Jun 3, 2025 Lawrence Lepard, author of "The Big Print" and advocate for sound money, shares insights on the impending crisis of fiat currency and the necessity of adopting alternatives like gold and Bitcoin. He critiques the Federal Reserve's role in wealth inequality and discusses the consequences of mounting debt and inflation. Lepard emphasizes the importance of sound money as a solution to financial instability, highlights the risks posed by current monetary policies, and paints an optimistic picture for the future with a return to tangible assets.
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Shift from Deflation to Inflation
- The US is shifting from a deflationary environment to an inflationary one driven by massive debt and money printing.
- This change will likely cause high inflation since debt exceeds the economy's productive output and can't be sustainably paid down.
Confronting Tim Geithner at HBS
- Lawrence confronted Tim Geithner at Harvard Business School, challenging claims that the 2008 crisis response saved the world.
- He faced backlash but also received support from some who appreciated his honesty.
Fed Controls Interest Rates Unfairly
- The Federal Reserve sets interest rates centrally, which distorts the natural market price of capital.
- This manipulation benefits bankers and the wealthy, creating unfair advantages and contributing to wealth inequality.