11 Comments
User's avatar
Matovu Martin's avatar

This is the most insightful thing I have watched about economics.... In my entire 28 year life.

Mitch's avatar

Very interesting Alasdair. Thanks very much for bringing it to us

David Bushnell's avatar

Hello, Alisdair: In your interview with Andy Millette at 42:16, you briefly mentioned an economics writer who analyzed the collapse of the German currency (I believe you were referring to the Weimar period). It was a bit difficult to understand. Who was the author, and what was the title of the book please…? Regards

Richard Thorn's avatar

Morning David, if you scroll down the utube page you can actually get a transcript of the video and search there if it is easier. I do remember Alasdair mentioning Gresham's Law, but in the context of your comment he may well have referenced von Mises or Stefan Zweig. Happy hunting!

Catherine H's avatar

Hi David, I think Alasdair meant the book 'When Money Dies - the nightmare of the Weimar Hyper-inflation' by Adam Fergusson Published in 1975

David Bushnell's avatar

Got it Richard, many thanks! Will reread….

David Bushnell's avatar

Hi Richard, thanks for the transcript idea! At 42:16 it’s still a bit garbled… Rgds

Richard Thorn's avatar

Yes it's definitely Hayek's 'Road to Serfdom'. Just checked :-)

Catherine H's avatar

Yes, you're right Richard .. my mistake. The 'Road to Serfdom' it is .. A difficult read !

Mark's avatar

Thank you Alasdair for your great insights and perspective. Question: I am wondering what you think of PHYS Sprott Physical Gold Trust as an investment. I think I know what you are going to say... I am risking sounding foolish to hear your perspective which I and others value. Thank you!

Michael's avatar

Thank you Alasdair.