Interest Rates and the Nature of Profit | The Twilight of Gold Series | Episode 12 (WiM186)

My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi.

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GUEST
Lester's Twitter: https://twitter.com/ProgrammableTx

BOOK
The Twilight of Gold: https://archive.org/details/twilightofgold190000paly/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money” Intro
00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:37 Responding to Feedback & Correcting Incorrect Statements
00:06:09 What is "Quantitative-Tightening" & "Quantitative-Easing"?
00:08:56 Conceptual Systems Need Anchor Points
00:12:29 The Price of Gold After Returning to a Hard Money Standard
00:21:07 Discussing Lester's Statement, "Interest being the Price of Money"
00:35:26 Natural Interest Rate vs Policy Interest Rate
00:38:56 Watch "Hard Money with Natalie Brunell" From Swan Studios & Bitcoin Magazine
00:39:42 Take Control of Your Healthcare with CrowdHealth
00:40:50 Capital Allocation, Interest Rates & the Cost of Profit
00:57:54 Artificial Markets leading to Misallocation of Capital
01:04:30 Artificial Inflation breaking down the Economic Process
01:09:51 Discerning the Signal from the Noise, Fed Intervening in Free Markets
01:14:40 Asking, "What is Money"?
01:17:03 Centralization of Gold, Power & the Likelihood of Corruption
01:19:05 How Bitcoin buys you Time & Protecting your Savings
01:26:26 "What is Money" Outro

SOCIAL
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WRITTEN WORK
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