Gold Goats 'n Guns Podcast Episode #153 - Rudy Havenstein and the True Costs of Inflation
Sep 11, 2023
Guest Rudy Havenstein, Twitter mate and critic of central banking, discusses experiences on Twitter, lack of consequences for behavior, impact of inflation on average Americans, role of the Federal Reserve, lack of accountability in political and economic situations, upcoming election influence, the Cantillon effect, and speaking out about inflation.
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Inflation's Impact
- Inflation is a tax that disproportionately affects the middle class.
- This harms society by eroding purchasing power and transferring wealth to the rich.
2018 Rate Hike Pivot
- Tom Luongo believes the 2018 rate hike pivot wasn't about stocks.
- He argues it stemmed from European debt issues and regulatory changes like SOFR.
Fed's Dual Role
- Rudy Havenstein acknowledges the Fed's role as lender of last resort.
- However, he criticizes its crony capitalist bailouts, starting with LTCM.