The Fed, the Middle Class, Bitcoin and Society with Cedric Youngelman

Recorded on December 11, 2024

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(My voice sounds sped up in the intro fyi)

"One of the most striking things about the whole Weimar period…is the gulf between the small minority of intellectuals and the general mood of the country."

Professor Richard Lowenthal

"The evil of aristocracy is not that it necessarily leads to the infliction of bad things or the suffering of sad ones; the evil of aristocracy is that it places everything in the hands of a class of people who can always inflict what they can never suffer."

G.K. Chesterton

"When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it."

Frederic Bastiat

“There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must before seen.

Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.”

Bastiat