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Podcast: The Peter McCormack Show
Episode: 1000 Years of Inflation with Rune Østgård - WBD658
Description: Rune Østgård is the Author of 'Fraudcoin: 1000 Years with Inflation as a Policy'. In this interview, we discuss inflation's historical introduction and use as an exploitative tool by elites and how, in various phases of history (most recently, the early 20th century), inflation was not viewed as a required economic phenomenon. To Rune, there is no more important subject to understand than inflation. - - - - In the 1700s, Scottish philosopher and economist Adam Smith was the first to use the term "inflation" in his book, "The Wealth of Nations." Smith argued that infl...