On this episode, we do a deep dive into hyperinflation. (This episode will have two parts.) Here's some of what we cover: A discussion about the definition of hyperinflation and its limitations. Ancient Hyperinflations including, Ancient China, Ancient Rome, The Holy Roman Empire, and the United States. Weimar Germany Zimbabwe

On this episode, we do a deep dive into consumer price inflation. Here's some of what we cover. A Basic Definition The Consume Price Index ("CPI") including some of its history, how it is calculated, and how and why the government makes changes to the calculations, and some criticisms of CPI. Some alternate measurements for consumer price inflation. Then we discuss if Luc and Nate were working for the government, how and why they would adjust CPI. Resources mentioned in this episode: The Bureau of Labor Statistics ("BLS"): Hedonic Quality Adjustment FAQ BLS: The List of Items Subject To The Hedonic Quality Adjustment Chapwood Index John Williams' 1980s CPI Measurement on Shadow Stats

On this episode, we do a deep dive into monetary inflation. Here's some of what we cover. We discuss what it is and the tools central bankers have as their disposal including quantitative easing and yield curve control. Universal Basic Income The Cantillon Effect How it operates at a global level The Federal Reserve And what we think will happen in various real world examples. Resources mentioned in this episode: I'd Rather Be Right's episode on the bond market "Deep Dive: Bonds, The Bond Market, Quantitative Easing ("QE") and How They Impact All Other Assets" Lyn Alden's articles on Inflation and Money Printing "What Bitcoin Did" with Peter McCormack This is the specific episode mentioned in the podcast with Preston Pysh entitled "Is Hyperinflation Coming? With Preston Pysh" "We Study Billionaires" Podcast "Bitcoin Fundamentals" Podcast (the Wednesday episodes of "We Study Billionaires" with Preston Pysh)

This episode is the first part of a multi-part series (or season) on a topic that's quite big in the news these days, inflation. On this episode, we do a deep dive using first principles reasoning to address what is inflation and what causes inflation. We're keeping it simple so we can create a strong foundation for the following series. Don't worry, there are some jokes in there and some of our usual banter. But this episode is heavy on learning. Here's some of what we cover. We discuss some basic definitions. We discuss why inflation is a vector and not scalar and the problem of treating it as a scalar. On this issue, we get an assist from Michael Saylor. We discuss price inflation and use an excerpt from Allen Farrington's article "Inflation In A Hyperbitcoinized World" to improve our thinking. Then we walk through some examples. Other resources mentioned in this episode: Allen Farrington's article "The Capital Strip Mine" Allen Farrington and Sasha Meyers' book "Bitcoin is Venice: Essays On The Past and Future of Capitalism" Impact Theory with Tom Bilyeu: "Michael Saylor's Masterclass in Cryptocurrency Investing and the Future of Bitcoin"

So on today's episode we discuss about what to do about all these mass shootings. We have some slightly off topic conversations about qualified immunity, adoption, and parenting. Then we finish off with a conversation about why none of these policies will be implemented.

We opened with an original clip of the protests outside the supreme courthouse that formed when the leaked Roe V Wade ruling was announced. We discuss where this leak could've come from - and what this means for the midterm elections. Eventually, of course, we bring it back around to bitcoin!  Please like and subscribe!

Note: We're way behind here at getting things edited and to you all. Apologies. -------- It's 420! So we talk about drugs. Then we talk about the mask mandate case. We finish off with a discussion about how the Israel is adding $200 billion worth of Chinese Yuan to their reserves.

Luc & Nate start this week by discussing the differences between accountants and tax attorneys and why you should probably have a tax attorney if you are in business.  Then they move on and speak about the recent Biden speech in Iowa. They watch a little bit and comment on Biden's plans to bring more ethanol into the market. After this, they shift to moral redlines and how Mitch McConnel admitted he has none. Essentially he's an amoral crazy person running the senate.  Enjoy!

After some banter about the vodka and the best letter in the alphabet, it's onto Ripple and Greenpeace's coordinated attack on Bitcoin. We break down why the arguments are flawed, the real benefits of Bitcoin's energy-intensive proof-of-work process, and why it's superior to proof-of-stake. If you've enjoyed our other Bitcoin deep dives you should really like this one. We haven't touched as much on how proof-of-work operates. Then we finish off with some discussion about the slap heard 'round the world. If you want to start dollar-cost averaging into bitcoin, Nate's favorite service is Swan Bitcoin. You can get $10 of free bitcoin using this referral link: https://www.swanbitcoin.com/NathanCPerry/ The book mentioned in the podcast: The Blocksize War: The Battle Over Who Controls Bitcoin's Protocol Rules by Jonathan Bier Our two podcasts involving Bitcoin's energy use: A Bitcoin Lightning Round! With Special Guest Evan Bolick! Is Bitcoin's Environmental Impact Something to Worry About?

After a quick discussion about how the Fed's decision to raise rates will impact inflation (or not), Luc and Nate revisit their predictions for 2022 in light of Russia invading Ukraine and the West's subsequent response. Plus they discuss one new possible event for 2022 and make a prediction. If you'd like to see their predictions and the current standings, you can see them here. And please send Luc and Nate your predictions. They'd love to hear them.