The Biggest Lie in Economics | Peter St Onge
“You don’t need inflation for anything whatsoever. It’s essentially a counterfeiting cartel.”
Peter St Onge returns to discuss why he believes 2% inflation is a scam, how central banks transfer wealth from savers to governments and Wall Street, and why technological progress should be making life cheaper.
We also get into Austrian economics, his argument that the Fed causes the recessions it then tries to fix, and America’s growing debt problem. Peter explains why he thinks the AI bubble still has room to run, how he uses Bitcoin as a place to park profits, and what could bring money back from AI into Bitcoin.
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