Most people cannot see the connection between inflation and massive frauds like the recent FTX fiasco. The reason is that they see “inflation” merely as rising consumer prices. But a proper understanding of inflation will allow you to see how government money-printing encourages a casino-like atmosphere in the investment markets. Over time, cheap money erodes the morality of investment culture.
I recorded this podcast on December 9 on the ARC-UK YouTube Network. At normal speed, it’s about 50 minutes long at normal speed.
For readers, I’ve attached a lightly-edited transcript of my thinking notes in the PDF below.
Thanks for watching/reading. If you enjoy the content, please “like” it below and forward it to a friend. I always welcome engagement, so feel free to comment as well.
HardmoneyJim
Dec 9, 2022