Fix the Money Fix The World with Lawrence Lepard

“I think it’s over… it’s changed, we are now in an inflationary environment, get used to it, get ready for it, prepare for it, protect yourself against it.”— Lawrence LepardLocation: New YorkDate: Wednesday 27th OctoberCompany: Equity Management AssociatesRole: Investment ManagerBitcoin is decentralised sound money whose supply cannot be arbitrarily expanded. It’s a system where no one has an advantage or disproportionate control.The ability to increase the supply of money is a very powerful tool to wield. Through monetary policy, orthodox economists aim to promote growth and mitigate crises.However, the Austrian school of economics explains instead that central banks create the environment for crises in the first place.In the Great Financial Crisis, trillions of dollars were printed to bail out failing banking institutions and stimulate the economy. Instead of repercussions, many bankers received millions in bonuses. While credit markets rebounded, many average Americans lost their homes, their jobs and received no bailouts.So can Bitcoin help by aligning incentives in society? And what will happen to gold?In this interview, I talk to Investment Manager and Austrian Economist Lawrence Lepard. We discuss sound money as a moral issue, the monetary role of gold, and why bitcoin is the most important invention in history.This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hosting-----WBD418 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.