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The "What is Money?" Show

Sound Money vs the State: How Inflation Fuels Corruption w/ Tom DiLorenzo (WiM567)

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8710 Ratings

🗓️ 1 April 2025

⏱️ 139 minutes

🧾️ Download transcript

Summary

Tom DiLorenzo joins me to discuss the demonization of capitalism, the spiritual consequences of money printing, the mission of the Mises Institute, why Abraham Lincoln might be a fraud, how the Federal Reserve led to the US joining WWI, the difference between Austrian and Keynesian economics, Bitcoin vs Gold, and what a sound money future could look like. Thomas James DiLorenzo is an American author and former university economics professor who is the President of the Ludwig von Mises Institute.

Transcript

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0:00.0

The Fed was created in 1913, one of the first things that did was to print up enough money so that we could enter World War I.

0:06.0

Central banking is Marxist. Like it's literally in the 1848 manifesto to the Communist Party.

0:10.0

Woodrow Wilson paid the Tsar to participate in World War I.

0:15.0

And Lenin himself once said, the war made our party.

0:19.0

I've come to believe that the corruption of money is the corruption of

0:22.9

the soul of the human race. It's a very strong material incentive. It's not just the pursuit of money

0:28.2

and money and power lust to dominate politically. Specifically power over other people.

0:33.7

So it struck me that well gee, maybe the story that I was taught in public school that God sent Abraham Lincoln to earth to free the slaves is not the entire truth.

0:42.9

So he squashed freedom of speech, counterfeited currency, attacked his own countrymen.

0:48.0

As bad as Keynesian economics is, theoretically, in practice, it's just all over the places.

0:53.6

The politicians will do what they think

0:55.1

is good for them, not what's good for the country. If someone just gives you money and you didn't earn it,

1:00.3

easy come, easy go, right? Like, it's much easy to spend that money foolishly. The Fed is kind of like

1:05.0

an arsonist who sets fires. And then once the fire gets going, he changes clothes into a firefighter's uniform

1:11.3

and pretends to be putting out the fire

1:13.2

by putting more gasoline on it.

1:15.0

I don't know how people get tricked or hypnotized

1:17.3

into believing that the state is their friend.

1:19.5

I'm like, open a history book and show me.

1:21.2

Like, what have you got?

1:22.1

So we've abolished three central banks in our history.

1:24.9

And so why can't we do it again?

...

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