What the 1920s Can Tell Us About Money Today | The Twilight of Gold Series | Episode 17 (WiM413)

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.

// GUEST //
Twitter: https://twitter.com/ProgrammableTx
Book: https://www.amazon.com/dp/B0006C31O4

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// OUTLINE //
00:00:00 - Coming up
00:00:28 - Intro
00:02:01 - Helping Lightning Startups with In Wolf's Clothing
00:02:47 - Influence of Bitcoin Price
00:08:08 - True Liberalism vs. Left-Right Political Spectrum
00:21:45 - Bitcoin and the Left-Right Dichotomy
00:27:39 - Run Your Business from Anywhere with NetSuite
00:28:44 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:29:53 - Mythology of Price Stability
00:34:35 - What Caused the Financial Depression of the 1920s
00:39:04 - False Apprehension of Gold
00:42:52 - Deception of Credit Expansion
00:45:14 - 100-Year Credit Cycle
00:48:33 - Self-Equilibrating Nature of the Free Market
00:53:00 - Economic Similarities between the 1920s and the 2020s
01:04:05 - The Problem with Dollar Hegemony
01:10:29 - Enhance Your Brain Power with Mind Lab Pro
01:11:33 - Take Control of Your Healthcare with CrowdHealth
01:12:40 - Engaging in Currency Speculation
01:15:36 - Non-Productive Outcome of Financial Engineering
01:19:55 - Financial Differences Between the 1920s and the 2020s
01:24:47 - Scarcity and Elasticity
01:29:57 - Inevitable Steps of Inflation
01:32:49 - Future Predictions and Probabilities vs. Certainties
01:37:18 - Final Thoughts and Conclusion

// PODCAST //
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