Sound Money Talks: A Conversation with Jeff Deist and Jp Cortez

April 22nd, 2024 Comments

In their enlightening conversation, Jeff Deist, General Counsel for Monetary Metals, former President of the Mises Institute, and formally Congressman Ron Paul's Chief of Staff, and Executive Director of the Sound Money Defense League, Jp Cortez, delved into the multifaceted realm of sound money, covering a wide array of topics with depth and insight.

They discussed the intricacies of anonymity, central bank digital currencies (CBDCs), and privacy concerns in financial transactions, while also critiquing prevailing monetary policies and negative interest rates.

The discussion traversed historical events that have shaped economic thinking, such as the establishment of the Federal Reserve and the abandonment of the gold standard, pondering their enduring implications. Looking towards the future, they speculated on potential turning points in the evolution of money, considering the roles of CBDCs, gold, MMT, and global fiat currency.

Throughout their exchange, they acknowledged the influence of social media on economic discourse and underscored the importance of education in promoting understanding of sound money principles. Their dialogue concluded with expressions of hope and gratitude for those advocating for sound money and advancing ideas of liberty.

00:00 - Introduction
01:39 - Effects of inflation and deficit spending
02:49 - Historical perspective on inflation
04:06 - Fiscal and regulatory factors impacting inflation
06:32 - Impact of low interest rates on investments
10:30 - Growing awareness of sound money globally
11:17 - Adoption of sound money principles worldwide
13:55 - Potential future scenarios for money systems
16:18 - Monetary Metals' approach to financing with gold
19:26 - Legislative efforts
22:13 - Taxes on gold and silver
24:55 - CBDC's and privacy
26:59 - The fundamental split in economics
29:43 - Production vs. demand
32:00 - Potential turning points
35:26 - The US dollar
37:46 - The future of sound money
39:31 - Books