I'd Rather Be Right with Luc & Nate

On this episode, we do a deep dive into hyperinflation. (This episode will have two parts.) Here's some of what we cover: 1. A discussion about the definition of hyperinflation and its limitations. 2. Ancient Hyperinflations including, Ancient China, Ancient Rome, The Holy Roman Empire, and the United States. 3. Weimar Germany 4. Zimbabwe --- Send in a voice message: https://podcasters.spotify.com/pod/show/idratherberight/message

On this episode, we do a deep dive into consumer price inflation. Here's some of what we cover. 1. A Basic Definition 2. 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. 3. Some alternate measurements for consumer price inflation. 4. 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 [https://www.bls.gov/cpi/quality-adjustment/questions-and-answers.htm] BLS: The List of Items Subject To The Hedonic Quality Adjustment [https://www.bls.gov/cpi/quality-adjustment] Chapwood Index [https://chapwoodindex.com/] John Williams' 1980s CPI Measurement on Shadow Stats [http://www.shadowstats.com/alternate_data/inflation-charts] --- Send in a voice message: https://podcasters.spotify.com/pod/show/idratherberight/message

On this episode, we do a deep dive into monetary inflation. Here's some of what we cover. 1. We discuss what it is and the tools central bankers have as their disposal including quantitative easing and yield curve control. 2. Universal Basic Income 3. The Cantillon Effect 4. How it operates at a global level 5. The Federal Reserve 6. 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 [https://www.idratherberight.com/podcast/episode/1cf456ad/deep-dive-bonds-the-bond-market-quantitative-easing-qe-and-how-they-impact-all-other-assets]" * Lyn Alden's articles on Inflation [https://www.lynalden.com/inflation/] and Money Printing [https://www.lynalden.com/money-printing/] * "What Bitcoin Did [https://www.whatbitcoindid.com/]" with Peter McCormack [https://twitter.com/PeterMcCormack] * This is the specific episode mentioned in the podcast with Preston Pysh [https://twitter.com/PrestonPysh] entitled "Is Hyperinflation Coming? With Preston Pysh [https://www.whatbitcoindid.com/podcast/is-hyperinflation-coming-preston-pysh]" * "We Study Billionaires [https://www.theinvestorspodcast.com/we-study-billionaires/]" Podcast * "Bitcoin Fundamentals [https://www.theinvestorspodcast.com/bitcoin-fundamentals/]" Podcast (the Wednesday episodes of "We Study Billionaires" with Preston Pysh) --- Send in a voice message: https://podcasters.spotify.com/pod/show/idratherberight/message

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. 1. We discuss some basic definitions. 2. 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. 3. We discuss price inflation and use an excerpt from Allen Farrington's article "Inflation In A Hyperbitcoinized World [https://allenfarrington.medium.com/inflation-in-a-hyperbitcoinized-world-a51500a473e6]" to improve our thinking. 4. Then we walk through some examples. Other resources mentioned in this episode: * Allen Farrington's article "The Capital Strip Mine [https://allenfarrington.medium.com/the-capital-strip-mine-ec627e9fe40a]" * Allen Farrington and Sasha Meyers' book "Bitcoin is Venice: Essays On The Past and Future of Capitalism [https://www.amazon.com/dp/B09TTTGT11/ref=cm_sw_em_r_mt_dp_WG820P7C9JW21YANCBJW]" * Impact Theory with Tom Bilyeu [https://podcasts.apple.com/ca/podcast/impact-theory-with-tom-bilyeu/id1191775648]: "Michael Saylor's Masterclass in Cryptocurrency Investing and the Future of Bitcoin [https://podcasts.apple.com/ca/podcast/michael-saylors-masterclass-in-cryptocurrency-investing/id1191775648?i=1000524948120]" --- Send in a voice message: https://podcasters.spotify.com/pod/show/idratherberight/message

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. --- Send in a voice message: https://podcasters.spotify.com/pod/show/idratherberight/message