Macroeconomist and Investment Strategist Lyn Alden joins me to discuss the IMF paper titled, "The Liquidation of Government Debt". We talk about the many ways governments use coercion and financial repression to liquidate their debts onto productive market actors. We also discuss why gold failed as money and how Bitcoin could change institutional structures worldwide.
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GUEST
Lyn's Twitter: https://twitter.com/LynAldenContact
"The Liquidation of Government Debt" Paper: https://www.imf.org/en/Publications/WP/Issues/2016/12/31/The-Liquidation-of-Government-Debt-42610
Lyn's Website: https://www.lynalden.com
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 Explaining "Directed Credit"
00:05:25 How do Governments Persuade Institutions to hold Government Debt?
00:08:55 How the Government Implements "Financial Repression" Taxes
00:12:31 Misinformation about Unit Bias & Money Printing
00:19:26 Societies Lack of Fiscal Prudence due to Money Printing & Government Bailouts
00:23:38 How Bitcoin can bring back Honesty in Money
00:27:39 What is the Likelihood of Crypto Exchanges going Bankrupt?
00:29:04 Would a Bitcoin Standard Stop Money Printing?
00:36:14 Watch "Hard Money with Natalie Brunell" From Swan Studios & Bitcoin Magazine
00:37:01 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:38:09 How would the State enforce Taxation on a Bitcoin Standard?
00:40:40 Would less Taxation force the Government to Downsize?
00:43:30 Broken Money Systems Impact on its Community
00:47:57 What are the "Pillars" of "Financial Repression" & Discussing "Price Controls"
00:55:39 How Currency Debasement Causes Shortsightedness
01:01:40 Differences in Economic Policy between America & China
01:09:34 Governments Spectrum of "Financial Repression"
01:15:08 Where to find Lyn's Work!
01:15:44 "What is Money" Outro
SOCIAL
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