📰 Source: youtube | misesmedia

✍️ Original author: misesmedia

⬆️ score: 949

Dr. Alex Pollock argues that the Fed excels at creating inflation, financing deficits, and bailouts, but cannot prevent crises, manage the economy, or know the right interest rate. Invoking Rothbard’s dictum that “the natural tendency of the state is inflation,” he makes the case for a money the Fed can’t create, and explores how the Treasury could revive gold-backed bonds and currency.

Recorded in San Antonio, Texas, on October 23, 2026. Sponsored by Jim and Rebecca Sweet.

0:00 Intro: central banking and inflation 2:16 The power of compound inflation 3:48 From Burns to “2% forever” 5:19 The state’s tendency to inflation 7:36 Burns, Volcker, and central-bank anguish 13:41 What the Fed can and can’t do 20:34 A money the Fed can’t create 22:51 Gold bonds and gold currency

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