10 Things You Need To Know About Bitcoin #2: Inflation Is Theft | 014

In Part 2 of the series, Dan and Trent examine the impact of money printing.Episode 2: Inflation Is TheftIn Part 1 we looked at the Mo Money part of the equationPart 2 explores Mo ProblemsMoney printing bails politicians out of their terrible decisions.  And we have to pay the costIt creates inflation.  More units of money just cause prices of everything to go up.  Your dollars can buy less and less all the timeInflation is theft.  It makes you work harder and harder for less.Money printing is an insidious game.  It impacts the people the most who can afford it the leastWhat else does it do?  Drive up asset prices.  And rich people own all the assetsThis is by design.  Designed by the rich and powerfulThroughout time, there was very little inflation in places with no money printingSocieties flourished under a gold standard when governments could not print endlesslyToday's song: Mo Money Mo Problems by The Notorious B.I.G.