The Pomp Podcast #1267 Lyn Alden | Bitcoin Solves Broken Money
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Oct 31, 2023 
Lyn Alden, author of "Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better," discusses the impacts of the broken financial system on the average individual, saving vs investing, energy as the arbiter of truth, interest rates, US treasury, and the national debt.
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Sound Money Benefits
- A sound money system would make saving more practical and investing more optional.
- This shift would benefit the working and middle classes, who are disproportionately affected by inflation.
Diversification and Sound Money
- In a sound money system, diversification becomes less of a necessity.
- Debts become more strategic, and assets return to their baseline consumer value.
Deflation and Investment
- A deflationary sound money system doesn't hinder investment or consumption, as evidenced by the 1800s and the tech industry.
- A sound money system reduces malinvestment, leading to more efficient capital allocation.