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S8 Ep1189: John Tamny, author of The Money Confusion: How a Literacy About Currencies and Inflation Sets the Stage for the Crypto Revolution
John Tamny, author of The Money John Tamny, author of The Money Confusion: How a Literacy About Currencies and Inflation Sets the Stage for the Crypto Revolution, provides an unconventional analysis of money, arguing that its only purpose is to circulate consumable goods as a product of specialized labor. Drawing on Adam Smith's principles, he asserts that wealth is created through the division of labor and that money is simply an agreement about value between producers. Tamny contends that current fears of "inflation" are misguided; he defines real inflation as a deliberate devaluation of…
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