The Biggest Lie in Economics | Allen Farrington & Sacha Meyers

“If your system can’t survive without inflation, the problem isn’t deflation.”

Allen Farrington and Sacha Meyers return to the show to break down one of the most misunderstood ideas in economics: deflation.

Allen & Sacha are the authors of Bitcoin is Venice, in this episode they get into their latest essay, Number Go Down, where they challenge the core assumptions behind modern macroeconomics. They argue that the idea inflation is necessary for a healthy economy is not grounded in reality, but in flawed models, bad incentives, and a fundamental misunderstanding of how growth actually happens.

We get into why the 2% inflation target is arbitrary, how Keynesian economics confuses credit collapse with true deflation, and why falling prices driven by innovation might actually be the most important signal of a functioning economy. We also explore the paradox of thrift, malinvestment, and why distorted price signals lead to systemic fragility.

Allen and Sacha explain why saving is the foundation of real growth, how deflation can drive investment rather than kill it, and why trying to “manage” the economy through measurement and intervention is fundamentally misguided. We also get into debt, why inflation acts as a hidden bailout mechanism, and what a world built on sound money might actually look like.

THANKS TO OUR SPONSORS:

FOLLOW:

Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny

Allen Farrington: https://x.com/allenf32

Sacha Meyers: https://x.com/sacha_meyers

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(210)

The Biggest Lie in Economics | Peter St Onge

“You don’t need inflation for anything whatsoever. It’s essentially a counterfeiting cartel.” Peter St Onge returns to discuss why he believes 2% inflation is a scam, how central banks transfer wea...

24 Sep 1h 11min

Capitalism Is Dead: The Rise of the AI Surveillance State | Erik Cason

“I think the primary product that they’re the most interested in selling is AI psychosis.” Erik Cason returns to discuss why he believes American capitalism has already ended, how AI could accelera...

22 Sep 1h 11min

AI Came for Bitcoin First | Jameson Lopp

"The rest of the world, of course, should always have been paying attention to Bitcoin, but they should be paying attention to it for a very different set of reasons now because they’re next.” Jameson...

15 Sep 1h 15min

Can AI Actually Grow America Out of Its Debt? | Jeff Ross

“I think AI is officially too big to fail.” Jeff Ross returns to discuss why he expects an AI-led manufacturing boom in the US and how rising productivity could help America grow its way out of deb...

11 Sep 1h 4min

The US Is Long-Term Insolvent | Lyn Alden

“We don’t really have the tools to deal with fiscal-driven inflation.” Lyn Alden returns to discuss why the US is entering deeper fiscal dominance, what the Treasury’s recent buybacks signal, and w...

8 Sep 1h 15min

Bitcoin & the $40 Trillion Debt Reckoning | Nik Bhatia

“There is a reckoning. There is a point at which something has to be addressed.” Nik Bhatia returns to get into America’s $40 trillion debt problem, why the real danger is the share of tax revenue ...

3 Sep 1h 9min

The Everything Rally Is About to Begin | Joe Carlasare

“You could have a massive cycle here this time around that will shock people.” — Joe Carlasare Joe Carlasare is a commercial litigator, Bitcoiner and author of Unconfiscatable. In this intervie...

1 Sep 1h 10min

Bitcoin Will Never Have Another 80% Crash | Eric Yakes

“Everything’s structurally changed.” Eric Yakes is back on the show to explain why Bitcoin may never suffer another 80% crash, and why the recent 50% drawdown could prove that the four year cycle i...

27 Aug 1h 18min