Ever feel like you need to keep working harder to stay in the same place?
When I ask people this question, many answer yes, few consider why.
In this conversation with my good friend David Oransky, we explore the answer, covering the major changes in monetary policy over the last one hundred years that have enabled unchecked expansion of the money supply with over 40% of circulating currency having been created in the last 5 years.
More money chasing the same assets, goods and services is what causes inflation. Those who control the creation of money gain initial purchasing power, leaving the rest of us to experience diluted value in our dollars without consent.
This behavior is not new. In the past, poor leaders melted down coins to dilute precious metals and undermine their currency’s value.
Gold’s scarcity has helped it remain a reliable store of value across time and space for thousands of years. What makes our current era different is that now, the rate at which we exchange value needs to be able to keep up with the rate at which we exchange information.
Bitcoin solves this.
I’ve learned a great deal from David that has affected how I protect my position as an individual in today’s economy. I am proud to share this conversation so that you might benefit as well.
This podcast is supported by Legacy Interviews, a company that video records individuals and couples sharing their life stories so that future generations can see and hear the voices of their family.
This podcast was recorded by NobleLore. NobleLore is a company that makes podcasting easy. You show up and talk, they take care of the rest.
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-Benjamin Anderson
Nostr: benjamin@buildtall.com
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