I got to know the brilliant financial mind Larry Lepard during the 2008 Ron Paul presidential campaigns, when at great personal expense he took out full-page ads for Dr. Paul in USA Today and the New York Times. Discussed today: the inevitable inflation and collapse of fiat that is coming, why not to invest in bonds, the relative merits of gold, silver, and Bitcoin. PlanB’s “stock to flow ratio” and Bitcoin, Michael Saylor/Microstrategy’s Bitcoin-holding “corporate treasury” strategy. When a Bitcoin ETF is coming. How Harry Browne’s “permanent portfolio” approach might be adjusted in view of the looming problems with cash and bonds and the emergence of Bitcoin. Guest host Stephan Kinsella fills in for me.
Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the Austrian Economics Center in Vienna. He is a senior fellow of the Mises Institute and host of The Tom Woods Show, which releases a new episode every weekday. Visit https://tomwoods.com