Fix the Money Fix The World with Lawrence Lepard - WBD418

Location: New York
Date: Wednesday 27th October
Company: Equity Management Associates
Role: Investment Manager


Bitcoin 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.