You are spot on. Let’s hope that our children’s futures are more important than the “lived experience of the rich.” Also my hope is that technological advances coupled with sound money make our world less of a zero sum game and more of an “all can succeed if you provide value to others.”
You’ve nailed it, concisely! Here are my two counterpoints:
1. Technological gains and sound money = no longer a zero sum game
2. My children’s future > “lived experience of the rich”
The biggest problem with the millionaires and billionaires is that most of them won’t be interested in changing the pervasive relationship between government and debt because they benefit from it.
They also have a significant influence over politics and media.
This is not a flex, I am in the category that benefits from the perverse world of inflationary economics.
It’s a world where your purchasing power increases by decreasing the purchasing power of the poorest and middle-class.
It’s state sponsored theft and is hollowing out everything (apart from the lived experience of the rich).
I couldn’t sit on this interview - it’s so quality and timely so I’m releasing it ahead of my normal publishing schedule.
Preston Pysh & Larry Lepard join me for a fascinating discussion covering the coming print (QE or not QE?), AI and robotics displacing jobs, capitalism vs socialism, quantum’s threat to Bitcoin, treasury companies, STRC, and much more.
Let us know what you think in the comments.