SHOW NOTES:
https://www.whatbitcoindid.com/podcast/what-drives-wealth-inequality
In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss the multi-faceted drivers of wealth inequality, the societal impacts of such disparities, whether we’re on the cusp of another great depression, state-led policies, and whether Bitcoin is a mitigation.
TIMESTAMPS:
00:00:00 Introduction
00:03:29 Technology and monopolies
00:11:22 Globalisation, the petrodollar, and monetary policy
00:21:04 Impact of wealth concentration
00:31:32 The squeezed middle
00:36:58 History rhymes, Great Depression 2
00:47:26 UBI and government payments
00:54:05 Closing the wealth gap
WHERE TO FIND THE SHOW:
→ My website: https://www.whatbitcoindid.com/podcast/
→ iTunes: https://apple.co/2OOlzVV
→ Spotify: https://spoti.fi/2ygc4W1
→ Stitcher: https://bit.ly/2IQO8fX
→ SoundCloud: https://bit.ly/2CGSVQR
→ YouTube: https://bit.ly/3nyi9Ez
→ TuneIn: https://bit.ly/2ywystr
LISTEN TO OLD EPISODES:
→ By guest: https://www.whatbitcoindid.com/guests/
→ By topic: https://www.whatbitcoindid.com/topics/
→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/
SUPPORT THE SHOW:
→ https://www.whatbitcoindid.com/sponsorship/
→ Become a Patron: https://www.patreon.com/whatbitcoindid/
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com
WHERE TO FOLLOW ME:
→ Twitter: https://twitter.com/whatbitcoindid/
→ Medium: https://medium.com/@whatbitcoindid/
→ Instagram: http://instagram.com/whatbitcoindid/
→ Facebook: https://www.facebook.com/whatbitcoindid/
→ YouTube: https://www.youtube.com/whatbitcoindidpodcast
→ Website: https://www.whatbitcoindid.com/
→ Email list: https://www.whatbitcoindid.com/subscribe/
LEARN ABOUT BITCOIN:
→ Step by Step Guide: https://www.whatbitcoindid.com/beginners-guide
→ Training: https://www.whatbitcoindid.com/training/
→ Resources: https://www.whatbitcoindid.com/resources/
****
“And you can even consider Bitcoin as a type of populism, but I would just describe it as one of the better types of populism; basically, it’s people rallying behind a new network effect technology, and saying that this is the solution.”
— Lyn Alden
Location: Remote
Date: Tuesday 22nd February
Project: lynalden.com
Role: Macroeconomist
Wealth inequality is as an emotive subject as any. At a minimum it can divide societies, pitting citizens against each other. If left to deteriorate and fester it can lead to populist uprisings.
Both sides of the political divide put forward causes and propose solutions. And yet, despite the arguments being well worn, most of the assumptions underpinning these opinions don’t stand up to scrutiny.
Quantitative easing results in increased inequality - well, not necessarily. Globalisation leads to a hollowing out of the working class in developed nations - only in certain parts of the world. Governments enable cronyism to exacerbate wealth disparities - lobbying can constrain competition, but it is unclear whether libertarianism would halt monopolistic practices.
Those vying to shape opinion would have us believe in binary arguments. The problem, as ever, is that this subject is complex with many dynamic variables. It isn’t a question of making targeted policy interventions. A much more holistic and flexible approach is required.
In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss the multi-faceted drivers of wealth inequality, the societal impacts of such disparities, whether we’re on the cusp of another great depression, state-led policies, and whether Bitcoin is a mitigation.
https://www.whatbitcoindid.com/podcast/what-drives-wealth-inequality
In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss the multi-faceted drivers of wealth inequality, the societal impacts of such disparities, whether we’re on the cusp of another great depression, state-led policies, and whether Bitcoin is a mitigation.
TIMESTAMPS:
00:00:00 Introduction
00:03:29 Technology and monopolies
00:11:22 Globalisation, the petrodollar, and monetary policy
00:21:04 Impact of wealth concentration
00:31:32 The squeezed middle
00:36:58 History rhymes, Great Depression 2
00:47:26 UBI and government payments
00:54:05 Closing the wealth gap
WHERE TO FIND THE SHOW:
→ My website: https://www.whatbitcoindid.com/podcast/
→ iTunes: https://apple.co/2OOlzVV
→ Spotify: https://spoti.fi/2ygc4W1
→ Stitcher: https://bit.ly/2IQO8fX
→ SoundCloud: https://bit.ly/2CGSVQR
→ YouTube: https://bit.ly/3nyi9Ez
→ TuneIn: https://bit.ly/2ywystr
LISTEN TO OLD EPISODES:
→ By guest: https://www.whatbitcoindid.com/guests/
→ By topic: https://www.whatbitcoindid.com/topics/
→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/
SUPPORT THE SHOW:
→ https://www.whatbitcoindid.com/sponsorship/
→ Become a Patron: https://www.patreon.com/whatbitcoindid/
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com
WHERE TO FOLLOW ME:
→ Twitter: https://twitter.com/whatbitcoindid/
→ Medium: https://medium.com/@whatbitcoindid/
→ Instagram: http://instagram.com/whatbitcoindid/
→ Facebook: https://www.facebook.com/whatbitcoindid/
→ YouTube: https://www.youtube.com/whatbitcoindidpodcast
→ Website: https://www.whatbitcoindid.com/
→ Email list: https://www.whatbitcoindid.com/subscribe/
LEARN ABOUT BITCOIN:
→ Step by Step Guide: https://www.whatbitcoindid.com/beginners-guide
→ Training: https://www.whatbitcoindid.com/training/
→ Resources: https://www.whatbitcoindid.com/resources/
****
“And you can even consider Bitcoin as a type of populism, but I would just describe it as one of the better types of populism; basically, it’s people rallying behind a new network effect technology, and saying that this is the solution.”
— Lyn Alden
Location: Remote
Date: Tuesday 22nd February
Project: lynalden.com
Role: Macroeconomist
Wealth inequality is as an emotive subject as any. At a minimum it can divide societies, pitting citizens against each other. If left to deteriorate and fester it can lead to populist uprisings.
Both sides of the political divide put forward causes and propose solutions. And yet, despite the arguments being well worn, most of the assumptions underpinning these opinions don’t stand up to scrutiny.
Quantitative easing results in increased inequality - well, not necessarily. Globalisation leads to a hollowing out of the working class in developed nations - only in certain parts of the world. Governments enable cronyism to exacerbate wealth disparities - lobbying can constrain competition, but it is unclear whether libertarianism would halt monopolistic practices.
Those vying to shape opinion would have us believe in binary arguments. The problem, as ever, is that this subject is complex with many dynamic variables. It isn’t a question of making targeted policy interventions. A much more holistic and flexible approach is required.
In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss the multi-faceted drivers of wealth inequality, the societal impacts of such disparities, whether we’re on the cusp of another great depression, state-led policies, and whether Bitcoin is a mitigation.
