“Radical efforts seldom work if they are deprived of common sense” – Part II
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“Radical efforts seldom work if they are deprived of common sense” – Part II

Interview with Fernando del Pino Calvo-Sotelo: Part II of II Claudio Grass (CG): In your analyses and articles on the issues around the covid crisis, you have adopted a very rational and calm approach, focusing on evidence and scientific facts. Why do you think it is that so many people,…

“There is no such thing as a free lunch, but the temptation to distribute one or to get one seems to be too strong”
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“There is no such thing as a free lunch, but the temptation to distribute one or to get one seems to be too strong”

Interview with Daniel Model: Part II of II Claudio Grass (CG): All over the West, we saw extreme pain and suffering caused by the mass unemployment that the lockdowns and shutdowns triggered. Across the board, every government’s answer to all this destruction was helicopter money. Do you think throwing cash…

Gold is the money of the kings. Silver is the money of the bourgeoisie. Fiat is the money of the slaves.
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Gold is the money of the kings. Silver is the money of the bourgeoisie. Fiat is the money of the slaves.

Gold has been used as money (or a store of value) for thousands of years. It’s always been valuable to humans, for some reason, and it’s withstood everything history has thrown at it. Silver too. Fiat money is what we use today. It’s essentially money created out of thin air,…

“The bank and the government have essentially blended into one entity” – Part II
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“The bank and the government have essentially blended into one entity” – Part II

Interview with Karim Taleb Part II of II Claudio Grass (CG): Part and parcel of that same institutional “strategy”, especially in its current form, is the idea that deficits and debt don’t matter. Basically, after 2020, it can be argued that we’re all Modern Monetary Theorists now, as nobody in…